Exploring the uncharted territories: a structured literature review on cryptocurrency accounting and auditing

Abstract

PurposeThe objective of this study is to systematically review the current body of literature in order to gain insights into the progress of research in accounting and auditing of cryptocurrencies, while also highlighting the associated risks and identifying gaps for future exploration.Design/methodology/approachTo achieve this, a structured literature review was carried out, presenting a thorough and critical assessment of the available studies focused on cryptocurrencies within the accounting and auditing domain.FindingsThe analysis reveals that the majority of the research has concentrated on the reporting and measurement aspects of cryptocurrencies, neglecting the auditing aspect. Regarding the methodology, future investigations should incorporate both theoretical and empirical manners to address this gap. Various spheres require further exploration, as they have the potential to significantly impact practitioners and academics.Originality/valueThe significance of this paper lies in its comprehensive examination of the existing literature, synthesizing and organizing information pertaining to accounting and auditing considerations of crypto transactions. Moreover, it provides valuable insights into best practices and prompts identifying avenues for further research in this field.

Cryptocurrencies’ Impact on Accounting: Bibliometric Review

“…The intersection of cryptocurrencies and accounting is a nascent area of study that necessitates a thorough understanding of both the technological underpinnings of digital currencies and the traditional principles of accounting. As cryptocurrencies continue to gain mainstream acceptance, they pose unique challenges and opportunities for the accounting profession, particularly in the areas of recognition, measurement, and reporting (Tiron-Tudor et al 2024;Vigna and Casey 2015).…”