Manuscript Number : GISRRJ25816

Legal Implications and Challenges of Digital Transformation in Accounting

Authors(2) :-Dr. Pulkit Agarwal, Girdhar Dwivedi

With a focus on emerging technologies like blockchain, artificial intelligence, and cloud computing, this article examines the effects of digital transformation in the accounting industry. The study looks into the potential and challenges those digital innovations—like automation, data protection, and real-time reporting—present for financial professionals. The results show that although digital transformation adds new challenges, it also increases the efficiency and accuracy of financial reporting, which makes it essential for accounting's next generation. This is why the digital transformation of the accounting profession depends on adherence to data protection regulations like GDPR, data management and governance, and legal issues of data security pertaining to financial data, among others. However, we've discovered possible organizational reluctance to change, problems integrating new technology with outdated legacy systems, and a skills gap brought on by a lack of knowledge.

Authors and Affiliations

Dr. Pulkit Agarwal
Associate Professor, College of Commerce & Management, Surajmal University, Kichha.
Girdhar Dwivedi
Student, MBA, College of Commerce & Management, Surajmal University, Kichha.

Accounting, Blockchain, Digital transformation, Artificial intelligence, Cloud computing, GDPR, Data Security.

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Publication Details

Published in : Volume 8 | Issue 1 | January-February 2025
Date of Publication : 2025-02-05
License:  This work is licensed under a Creative Commons Attribution 4.0 International License.
Page(s) : 47-54
Manuscript Number : GISRRJ25816
Publisher : Technoscience Academy

ISSN : 2582-0095

Cite This Article :

Dr. Pulkit Agarwal, Girdhar Dwivedi , "Legal Implications and Challenges of Digital Transformation in Accounting", Gyanshauryam, International Scientific Refereed Research Journal (GISRRJ), ISSN : 2582-0095, Volume 8, Issue 1, pp.47-54, January-February.2025
URL : https://gisrrj.com/GISRRJ25816

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