Volume : 11, Issue : 10, OCT 2025

THE IMPACT OF TECHNOLOGY ON FINANCIAL ACCOUNTING AND AUDITING: A COMPREHENSIVE REVIEW

DR. MOHAMMED ABID, HARSHA LOHAR

Abstract

The economic landscape has experienced unprecedented transformation in terms of technological development that has reimagined how accounting and auditing professionals conduct business. This synopsis examines the intricate impact of new technologies—namely artificial intelligence, blockchain, robotic process automation, and machine learning—on accounting and auditing practice in finance. In reviewing contemporary literature from the years 2013-2024, we expound on how such technologies enhance efficiency, precision, and real-time reporting capacity and, in so doing, pose new challenges of professional adaptation. Results show that there is a trend towards continuous auditing, as well as automated processes and decision-making based on data, but with barriers of implementation still existing in different organizational settings. While technology promises reduced costs and improved precision, professional displacement, ethics, and the evolving role of human judgment in financial regulation are all problems that remain. This review synthesizes current knowledge to provide practitioners and researchers with an outline of technology's revolutionary impacts on traditional accounting and auditing frameworks.

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IESRJ

International Educational Scientific Research Journal

E-ISSN: 2455-295X

International Indexed Journal | Multi-Disciplinary Refereed Research Journal

ISSN: 2455-295X

Peer-Reviewed Journal - Equivalent to UGC Approved Journal

Peer-Reviewed Journal

Article No : 7

Number of Downloads : 14

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