Tools of the digital Economy as Methods to Ensure the reliability of financial Statements

Abstract

The objects of the study are accounting and financial reporting, and the tasks are to identify the impact features of digitalization on these elements of the economic activity of organizations. Nowadays, accounting is at the stage of the gradual development and implementation of new digital technologies. At the same time, the creation of a national accounting system, which will collect indicators characterizing the state of the internal socio-economic processes of the organization, is largely determined by the digitalization development of the economy. Issues related to the reliability of accounting and financial statements are the basis for making management decisions. The research considered these issues with a link to the most pressing problematic topics related to the use of digital data in the processing of reporting information. It will significantly reduce the number of allowed errorsalong with ensuring the reliability, verifiability and timeliness of the generated indicators. The methodological basis of the study was the system-functional and economic-statistical analysis, comparison, elements of the accounting method. The results of the work can be used by practitioners in the formation of accounting and financial statements of organizations.

Keywords

• digital economy
• accounting
• accounting (financial) reporting
• reliability of accounting (financial) statements
• digitalization
• digital transformation
• falsification of accounting (financial) statements
• xbrl standard