The Role of Accounting and Auditing in the Digital Age. From Digitization to Digital Transformation

The digital age is at the center of business attention as a major challenge for the accounting profession. A solid financial accounting system, developed in real time through centralization, standardization, comprehensibility, and automation, helps management understand how their organization works—and how they can improve productivity by removing key constraints. Using technology to increase the talent needed in the accounting profession, in a world surrounded by data by actively exploiting the opportunities arising from digital tools and new data sources and by combining these opportunities with their deep knowledge of business processes, accounting professionals can focus on areas that require judgment, inspiring the confidence and trust of stakeholders and shareholders to build a better working environment in the digital era. Accounting digital innovation involves conversion of analog information to digital information, incorporating technology as a part of daily financial activity and using it smartly, in operational processes, demonstrating the quality and value that technology-related solutions can generate when exploited in business. This growth in technology is causing changes in accounting business models. Using in-depth financial accounting analysis and business intelligence canvas digital transformation can contribute to the optimization of the corporate world with competence and relevance ensured to meet the expectations of shareholders and stakeholders.