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"Presenting the model of using blockchain technology in improving the fields of bank accounting and auditing in order to improve the financial accountability"
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Ali Talib Hasan Al-Musawi1   , Parviz Piri2 , Akbar Zavari Rezaei3 |
1- PhD Student, Department of Accounting, Faculty of Economics and Management, Urmia University, Urmia, Iran
2- Associate Professor, Department of Accounting, Faculty of Economics and Management, Urmia University, Urmia, Iran , p.piri@urmia.ac.ir
3- Associate Professor, Department of Accounting, Faculty of Economics and Management, Urmia University, Urmia, Iran |
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Abstract: (29 Views) |
The advent of blockchain technology has brought new ideas to banking accounting and auditing. Although there are beneficial benefits arising from blockchain technology in the field of accounting, auditing and improving banking accountability, how many and why are still not fully clear. The current research deals with the topic of presenting the model of using blockchain technology in improving the fields of bank accounting and auditing in order to improve the financial accountability. In this research, firstly, based on the analysis of the content obtained from interviews with 12 professors and experts in the field of accounting and banking auditing in Iraq, a model for using blockchain technology to improve the fields of accounting and banking auditing in 1403 has been presented. Also, a questionnaire was sent to 210 other experts in order to evaluate the acceptability of the qualitative model, and 200 people answered. The questionnaire was acceptable in terms of reliability and validity. The initial model designed with 131 factors in the form of 10 categories (accounting user, security, sustainability accounting, organizational-management, financial reporting, improving the provision of banking financial services, financial transparency, financial data security, accounting information asymmetry, audit time). According to the results of confirmatory factor analysis, all 131 factors were confirmed as indicators of using blockchain technology in improving the fields of bank accounting and auditing in order to improve financial accountability. Finally, the obtained model was validated and confirmed the validity of the model. According to the results, understanding blockchain-based banking accounting and auditing systems and the benefits and challenges associated with its application, in order to develop effective strategies and frameworks to overcome obstacles and realize the transformative potential of blockchain in the accounting and auditing market, is very important.
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Article number: 8 |
| Keywords: Blockchain technology, Bank accounting, Auditing, Financial accountability, Thematic analysis |
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Full-Text [PDF 929 kb]
(7 Downloads)
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Article type: Research |
Subject:
Special
Received: 2024/10/8 | Accepted: 2024/12/9 | Published: 2025/10/2
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