The Impact of Digital Technologies on the Development of the Accounting and Audit System in Ukraine

Abstract

Digital technologies play a key role in the transformation of business processes, particularly in accounting and auditing systems. The main challenges faced by Ukrainian enterprises are the insufficient level of staff digital literacy, lack of financial resources to implement innovative solutions, and problems with the integration of new technologies into existing business processes. These factors slow down digital transformation and reduce the competitiveness of enterprises. For Ukraine, which is in the process of active digitalization, the introduction of tools such as cloud computing, blockchain, artificial intelligence, and Big Data is particularly relevant, as it contributes not only to optimizing internal business processes but also to strengthening economic stability and competitiveness in the international arena.

The purpose of the study is to analyze the impact of digital technologies on the development of the accounting and auditing system in Ukraine and the efficiency of management processes, as well as to assess the prospects and barriers to the introduction of innovative technologies in these areas, taking into account the specifics of the Ukrainian business environment.

The study uses analysis, comparison, and synthesis to identify the main trends in the digitalization of accounting and auditing. To assess the dynamics of the introduction of digital tools, statistical analysis was applied based on data from enterprises in various sectors of the Ukrainian economy. The study analyzes the statistical indicators of the use of cloud computing in the accounting of Ukrainian enterprises for the period from 2018 to 2023, assesses changes in the share of use of these technologies in various sectors of the economy, in particular in the manufacturing industry, construction, wholesale and retail trade, transportation, as well as in the information and telecommunications sectors. The analysis of trends in the digitalization of accounting and auditing included a comparison of data by year, as well as an assessment of the impact of industry specifics on the pace of cloud adoption. Absolute deviations in the share of cloud computing between 2023 and previous years were taken into account separately, which allowed us to assess changes in the pace of digital transformation. The analysis showed a general upward trend in the adoption of cloud computing, especially in areas with a high level of digitalization, such as information technology and telecommunications.

The main findings of the study indicate that the most common digital technologies are cloud computing, blockchain, artificial intelligence, and Big Data. Their benefits, such as cost reduction, increased accuracy of data analysis, automation of routine tasks, and challenges, such as regulatory uncertainty and the need for highly qualified personnel, are explored. It was also found that the share of enterprises using digital tools is gradually increasing, but there are significant differences depending on the industry.

The digitalization of accounting and auditing is a critical element of Ukraine's economic development, contributing to increased transparency of financial reporting, risk mitigation, and adaptation to global challenges. To accelerate the adoption of digital tools, it is advisable to strengthen support for small and medium-sized enterprises, as well as improve cybersecurity and the personnel training system. Prospects for further research include analyzing the impact of digitalization on various sectors of the economy in the context of crisis and recovery.