THE IMPACT OF TECHNOLOGY ON INTERNATIONAL ACCOUNTING PRACTICES
ABSTRACT
This research aims to investigate (1) the influence of emerging technologies on international accounting practices, (2) the benefits and challenges of adopting technological advancements in accounting, and (3) the future prospects of technology-driven accounting. A survey research design is justified as it facilitates the collection of data from a diverse range of international accountants. Using Taro Yamane's formula, a sample size of 350 respondents was selected to ensure statistical significance. The case study is based in Abuja, Nigeria, where technological adoption in accounting is rapidly growing. The reliability coefficient score of the survey instrument is 0.89, indicating high internal consistency. Findings reveal that technology enhances the accuracy, efficiency, and transparency of accounting practices, despite challenges such as cybersecurity risks and the need for continual updates. Recommendations advocate for continuous investment in technological tools and training for accountants to leverage technological advancements effectively.
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