Harmonization of Accounting, Auditing and Analysis in a Digital Economy

Abstract

The article analyzes the reasons for the need for harmonization of various areas of accounting, including ambiguity in the interpretation of a number of terms, the meaning of important indicators, the application of certain methods, and the lack of a unified concept that unite all areas of accounting with a single goal. In a digital economy, the negative impact of these differences on the effectiveness of the accounting area is manifested especially bright. As a result, the transformation of the accounting sphere becomes a priority in the situation when the information, knowledge of any subject of the economy represents a resource of the highest value. In the article, only four areas of research are considered, according to which, first of all, it is necessary to achieve a correspondence between the areas of the accounting sphere: the approach to virtual operations; scope of using probabilistic indicators; terminology; details of accounting information. Also, a proposal was made to develop a unified concept for accounting, auditing and analysis in the digital economy (including also integrated reporting in the accounting area). This concept should be based on the capabilities of digital technologies that allow instant communication between different sources of information and handle Big Date. The goal of a single accounting concept is to create knowledge (information resource) in relation to both individual economic entities and their groups, as well as other new structures and forms of their cooperation for all interested users. Three principles on which the development of the accounting sphere in the conditions of the digital economy should be built: the provision of information security; continuous interaction of the accounting sector with other areas of the economy; visualization of knowledge. These three principles form the priority directions for further research into the development of the accounting sector in the digital economy.

Keywords

• accounting
• audit
• analysis
• accounting sphere
• ifrs
• reporting
• digital economy
• harmonization of accounting