In what way does blockchain technology tie with the efficacy of accounting practice in Nigerian accounting firms?

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In what way does blockchain technology tie with the efficacy of accounting practice in Nigerian accounting firms?

Akinadewo, Israel S. and Dagunduro, Muyiwa E. and Osatuyi, Yemi A. (2023) In what way does blockchain technology tie with the efficacy of accounting practice in Nigerian accounting firms? International Journal of Business and Management Review, 11 (11). pp. 96-117. ISSN 2052-6393(Print), 2052-6407(Online)

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Abstract

The digital transformation sweeping across industries in recent years has had a significant influence on the field of accounting. This study specifically aimed to assess the impact of blockchain technology on the effectiveness of accounting practices in Nigeria. This study used a qualitative approach and the study's primary data came from the distribution of a structured questionnaire to the targeted respondents, which comprised accountants, finance analysts, and blockchain experts. The total population was 178 registered accounting firms in Nigeria as of 31st December 2022. A purposive sampling technique was used to select 123 firms from which 3 questionnaires were distributed to each of the firms selected, totaling 369, which served as the sample size. Data were analyzed through descriptive statistics and inferential statistics. The overall results found that blockchain technology had a significant positive effect on the efficacy of accounting practice in Nigeria. Thus, this study recommends that accounting firms in Nigeria should consider investing in blockchain technology to improve data security, transparency, and efficiency.

Item Type:	Article
Subjects:	H Social Sciences > H Social Sciences (General)
Depositing User:	Professor Mark T. Owen
Date Deposited:	27 Dec 2023 20:35
Last Modified:	27 Dec 2023 20:35
URI:	https://tudr.org/id/eprint/2506

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