The Evolution of Accounting Standards in the Digital Age

Abstract

The evolution of accounting standards in the digital age reflects a transformative shift driven by technological advancements and globalization. This paper explores how digital tools and innovations have reshaped accounting practices, focusing on the development of new standards to address the challenges and opportunities presented by emerging technologies. Key areas of focus include the integration of automation, data analytics, and blockchain technology into accounting processes. The study also examines the role of international standards in ensuring consistency and transparency across borders. By analyzing historical trends and current developments, this paper provides a comprehensive overview of how accounting standards have evolved to meet the demands of a digital world.