The Ethical Perspective of Millennial Accountants in Responding to Opportunities and Challenges of Blockchain 4.0

Abstract

Research aims: This study aims to provide a perspective on the professional ethics of a millennial accountant in applying blockchain technology to improve his professionalism, and discusses the issue of blockchain ethical challenges for an accountant's profession Design/Methodology/Approach: A research approach is a qualitative approach with interviews with the millennial accountants, namely millennial corporate accountants, millennial research accountants, and millennial internal auditors. Research findings:The study results indicated that a millennial accountant in the 4.0 revolution era is required to adapt to technology. The blockchain technology extends the ethical approach to utilitarianism to a broader social level with decentralization in serving stakeholders' information needs. Blockchain changes the task of millennial accountants who previously produced information into information evaluators. Millennial accountants must change their mindset to absorb the essence of the accountant's code of ethics and harmonize ethical values. It is the basis for acting ethically to avoid the moral dilemma of technological adaptation. Theoretical contribution/Originality: The contribution of this research for accountants is to build a moral-ethical perspective in adopting blockchain technology that prevents potential impacts on business and society and to describe the challenges that the accounting profession will face in adopting blockchain in the industrial revolution 4.0. Practitioner/Policy implication: The implications of this study illustrate that the blockchain can change perspectives in real-time accounting to reduce practitioners' mistakes from the accounting profession by considering the ethical and moral aspects of a millennial accountant. Research limitation/Implication: The limitation of this study is the first; it has not yet deepened the three challenges faced by millennial accountants in the revolutionary 4.0 era. Secondly, millennial educator accountants have not yet to be involved as interviewees.

Artificial Intelligence and the Role of External Auditor in Indonesia

“…This previous research was conducted using a descriptive qualitative approach (Haryanto & Sudaryati, 2020; Handoyo & Anas, 2019; Deniswara et al, 2020). The results of previous studies show that millennial accountants in the 4.0 revolution era are needed to adapt to technology (Haryanto & Sudaryati, 2020). The challenge for millennial accountants is that apart from being able to use technology, they must always be updated to be able to use the latest (latest) technology in the form of software and other applications that help work in accordance with the demands of the times.…”

A Bibliometric Analysis of Accounting in the Blockchain Era

“…The above findings are related to the study conducted by Rahmawati et al (2021) that blockchain is well accepted for accountants in Indonesia for the sake of the ease of working in accounting. Meanwhile, another study indicated that Indonesian millennial accountants are required to adapt blockchain technology as the requirement of the 4.0 revolution era (Haryanto & Sudaryati, 2020). On the other hand, there are promising use cases of this new technology; research and practice are still in their infancy about altering existing and creating new business models.…”

Accountant, Industrial Revolution 4.0, PT. Eriadi Fatkhur Rokhman, Technology

“…Hal ini sesuai dengan (Haryanto & Sudaryati, 2020) Peran profesi akuntan muda dalam mendukung revolusi 4.0 diperlukan untuk meningkatkan kapasitas terkait analisis big data dan pengambilan keputusan berbasis data dengan kemampuan pemecahan masalah, topik yang kompleks, keterampilan kepemimpinan, dan keterampilan komunikasi interpersonal.…”