Advances in Applied Accounting Research
Vol. 1 No. 3 (2023): June - September

Exploring the Societal Implications of Accounting Practices and Standards

Bayu Kurniawan (Universitas Islam Indonesia)



Article Info

Publish Date
30 Sep 2023

Abstract

This qualitative research examines the societal implications of accounting practices and standards, focusing on their influence on economic decision-making, corporate governance, and technological advancements. Through a systematic review and thematic analysis of existing literature, the study identifies recurring themes and patterns related to transparency, accuracy, and reliability in financial reporting. Regulatory interventions, such as the Sarbanes-Oxley Act, are highlighted as mechanisms to enhance accountability and integrity in corporate governance. Moreover, technological innovations, including blockchain, cloud computing, and artificial intelligence, offer opportunities for improving efficiency and transparency in accounting processes, albeit with ethical and security concerns. The findings underscore the importance of robust governance frameworks, ethical guidelines, and cybersecurity measures to ensure responsible use of technology. Overall, the research contributes to a deeper understanding of the interplay between accounting practices, regulatory interventions, and technological advancements, offering insights for policymakers, practitioners, and researchers in the field of accounting and finance.

Copyrights © 2023






Journal Info

Abbrev

AAAR

Publisher

Subject

Economics, Econometrics & Finance

Description

Founded in 2023, Advances in Applied Accounting Research publishes original research that promises to advance our understanding of accounting over diverse topics and research methods. This Journal welcomes research of significance across a wide range of primary and applied research methods, ...