The Adoption of Emerging Technologies in the Accounting Industry A Comparative Study of Firms in Hungary and Kenya.

Elmentve itt :
Bibliográfiai részletek
Szerző: Kimaro Neema Remen
További közreműködők: Musaab Mousa
Wanyoike Dr Charles Githira
Dokumentumtípus: Diplomadolgozat
Kulcsszavak:accounting
AI
Blockchain
cloud computing
emerging technologies
Online Access:http://dolgozattar.uni-bge.hu/51929

MARC

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520 3 |a This thesisexplores the impact of emerging technologies on accounting firms, with aparticular focus on three emerging technologies namely; Artificial Intelligence(AI), cloud computing, and Robotic Process Automation(RPA). As the auditing industry becomes increasingly complex and competitive,these technologies have the potential to transform traditional accountingpractices by enhancing the efficiency, accuracy, and effectiveness of theaccounting process. The study employs a quantitative approach to investigatethe current state of technology adoption in accounting and auditing firms inHungary and Kenya, as well as the perceived benefits and challenges ofimplementing them. The research includes a comprehensive literature review ofexisting studies and a survey of auditing professionals. The research designwas descriptive survey. The study sample was 38 respondents drawn from Hungaryand Kenya. Pilot study was conducted to establish the validity and reliabilityof the research instruments, where 5 respondents participated. Those whoparticipated in the pilot study were not included in the actual datacollection. Data collection was conducted through online survey which wasdistributed through online platforms. Data was coded, cleaned and analyzedusing micros soft excel. To analyze the data, means, standard deviations andpercentages were used. Results were presented using figures and tables. Thefindings revealed that emerging technologies offer significant potential toimprove the accounting process, by faster data analysis, enhanced datasecurity, and increased accuracy. However, the adoption of these technologiesis not without challenges, such as concerns around data privacy and security,as well as the cost and complexity of implementation. The study also highlightsthe need for accounting firms to develop a clear strategy for technologyadoption, including identifying the appropriate technologies for their specificneeds and investing in appropriate training for staff. Furthermore, thefindings suggest that there is a need for standardization in the adoption ofemerging technologies across the industry to ensure consistent and effectiveuse. Overall, this thesis provides valuable insights into the impact ofemerging technologies on accounting firms, highlighting the potential benefitsand challenges of their adoption. The study contributes to the growing body ofknowledge on the use of technology in the accounting industry and providesguidance for accounting firms on best practices for technology adoption.Further research is recommended to be conducted on the challenges accountingand auditing firms face in the mainstreaming of emerging technologies for otherservices. 
695 |a accounting 
695 |a AI 
695 |a Blockchain 
695 |a cloud computing 
695 |a emerging technologies 
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700 1 |a Wanyoike Dr Charles Githira  |e ths 
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