Requirements for developing the accounting profession in light of the challenges of digital transformation, with reference to blockchain technology and the experience of its adoption by the Big Four accounting firms.

Abstract

The digital age has brought about a major transformation in various business sectors, presenting the accounting profession, whose rules and principles have evolved with the development of business, with the challenge of keeping pace with digitization and innovative digital solutions. These solutions primarily involve the use of big data in accounting and reporting, cloud computing and continuous accounting, artificial intelligence, blockchain technology, and cybersecurity.

The study focused on the implications of using blockchain technology for the accounting profession and the challenges of rapidly adapting to its requirements, while examining the efforts of the Big Four accounting, auditing, and consulting firms to keep pace with this technology.

The most important finding of the study is that the use of blockchain technology in the field of accounting can raise the level of transparency, accuracy, and security.