Digital Transformation In Accounting And Its Impact On The Audit Process

Abstract

Digital transformation in accounting has profoundly reshaped audit practices by integrating technologies such as artificial intelligence (AI), cloud computing, automation, and data analytics, resulting in higher efficiency, improved audit quality, and more reliable financial reporting. This study employs a mixed qualitative and quantitative approach to investigate both the opportunities afforded by digital accounting systems and the challenges these technologies pose to the audit process. Findings reveal that digital tools significantly enhance data accuracy, reduce audit time and errors, and provide auditors with real-time access to comprehensive financial records. However, gaps in digital competencies, cybersecurity risks, and infrastructure limitations impede optimal adoption. The study concludes with recommendations for enhancing auditor skills, strengthening digital infrastructure, and adopting robust data governance frameworks to maximize the benefits of digital transformation.