The Connection between Artificial Intelligence and Blockchain on Accounting and Auditing

Abstract

With the development of new technologies, blockchain, as one of the most advanced digital tools, has a significant impact on the field of accounting and financial reporting. This technology, with its unique features such as transparency, data security, immutability and transaction traceability, allows for increased accuracy and reliability of companies' financial reports. This research paper focuses on the impact of artificial intelligence and blockchain on the efficiency and effectiveness of various accounting professions and the audit process. Various analyses and studies have shown that artificial intelligence plays an important role in facilitating the proper functioning of companies and that efficient and effective artificial intelligence can significantly improve the audit process through audit automation. Artificial intelligence also plays an important role in accounting, which leads to improved procedures and decision-making processes in various business areas.This paper uses a qualitative method to provide a good overview of the impact of AI on the audit field and the accounting process. It also addresses research gaps in the area of ​​shortcomings that have not been highlighted by other researchers and provides directions for future studies on the limitations of AI in the audit process and the accounting profession.