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Abstract

Purpose: This research explores the societal impacts of accounting practices and standards on economic decision-making, corporate governance, and technological advancements.


Research Design and Methodology: Employing a qualitative approach, the study systematically reviews and conducts a thematic analysis of the literature focusing on transparency, accuracy, and reliability in financial reporting.


Findings and Discussion: The findings highlight regulatory measures, such as the Sarbanes-Oxley Act, that enhance corporate governance accountability. Technological innovations, such as blockchain and AI, improve efficiency but raise significant ethical and security concerns.


Implications: The study underscores the importance of robust governance frameworks and effective cybersecurity measures for the responsible use of technology in accounting, offering valuable insights for policymakers and practitioners.

Keywords

Accounting Practices Societal implications Qualitative Research Regulatory interventions Technological advancements

Article Details

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This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

How to Cite
Kurniawan, B. (2023). Exploring the Societal Implications of Accounting Practices and Standards. Advances in Applied Accounting Research, 1(3), 139–149. https://doi.org/10.60079/aaar.v1i3.193
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