The impact of digital technologies on the transformation of the methodology of accounting and auditing of management activities

Abstract

Digital technologies are the main factor in transforming business processes, particularly in accounting and auditing of management activities. The article aims to investigate changes in traditional methods of collecting, processing and analyzing financial information by implementing innovative solutions. The following methods were used during the study: a critical analysis of scientific sources ˗ identifying current trends and problems of digital transformation of accounting and auditing; synthesis method ˗ generalization of the information received and formulation of conclusions; tabular presentation ˗ systematization of various practices, tools and technologies; and scientific abstraction method ˗ theoretical understanding and generalization of the results obtained. Results. It was established that modern digital tools introduced into the accounting and auditing of management activities are developing under the influence of global processes of digitalization and automation. Among the leading areas of innovative development considered are automation and robotization of accounting processes, Big Data analytics, cloud computing, blockchain solutions, and artificial intelligence. It was found that automated tools are fundamentally changing the methodology of accounting and auditing management processes. The involvement of innovative technologies ensures improved control procedures, accelerates information processing, increases the veracity of reporting and promotes transparency of financial flows, creating new effective management practices. Conclusions. Thus, digital technologies are not just a means of improving accounting and auditing processes but a strategic factor in forming a competitive corporate governance model capable of functioning effectively in the conditions of globalization, increased risks and constant changes in the regulatory environment.