Topic Modeling Blockchain in Accounting and Audit Research

Document Type : Research Paper

Authors

1 Associate Prof., Department of Accounting, Faculty of Accounting and Financial Sciences, College of Management, University of Tehran, Tehran, Iran.

2 Ph.D. Candidate, Department of Accounting, Faculty of Accounting and Financial Sciences, College of Management, University of Tehran, Tehran, Iran.

10.22059/jitm.2025.399268.4215

Abstract

This article examines blockchain research in accounting, auditing, and corporate governance (AAG), a field that has experienced rapid growth but remains fragmented. Using Latent Dirichlet Allocation (LDA) topic modeling, the study analyzes 486 Scopus-indexed abstracts published between 2017 and 2025 to uncover key themes and research trends. The analysis identifies eleven thematic clusters: Blockchain Research Landscape & Governance, Financial Reporting & Digital Security, Blockchain Applications in Diverse Domains, Auditing Practices & Taxation, Bitcoin & Emerging Digital Financial Tools, Corporate Governance & Compliance, Smart Contracts & Crypto Audits, Digital Transformation in Finance, ESG & Corporate Strategy, Supply Chain Transparency, and Adoption of Audit Technologies by Firms. A strategic thematic map further classifies these into motor, basic, niche, and emerging themes, providing the first data-driven overview of blockchain research in AAG. The results highlight well-developed areas such as supply chain transparency, alongside blind spots in standard-setting, assurance of smart contracts, and ESG integration. The study advances understanding by offering a structured framework that supports future research, regulatory development, and professional practice.

Keywords

Main Subjects

References

 Abu Afifa, M. M., Vo Van, H., & Le Hoang Van, T. (2023). Blockchain adoption in accounting by an extended UTAUT model: empirical evidence from an emerging economy. Journal of Financial Reporting and Accounting, 21(1), 5–44. https://doi.org/10.1108/JFRA-12-2021-0434
Abu-Dabaseh, F., Khtatbeh, M. M., Al’Ararah, K., & Alassuli, A. (2025). Exploring the Role of Digital Transformation in Mitigating Accounting Fraud: A Cybersecurity Perspective. International Review of Management and Marketing, 15(3), 398.
Agostini, M. (2024). TRANSFORMING CORPORATE GOVERNANCE: EXPLORING TOKENIZATION’S IMPACT ON TRANSPARENCY AND OWNERSHIP — A RESEARCH AGENDA. Risk Governance and Control: Financial Markets and Institutions, 14(3), 47–56. https://doi.org/10.22495/rgcv14i3p5
Agostini, M. (2024). TRANSFORMING CORPORATE GOVERNANCE: EXPLORING TOKENIZATION’S IMPACT ON TRANSPARENCY AND OWNERSHIP — A RESEARCH AGENDA. Risk Governance and Control: Financial Markets and Institutions, 14(3), 47–56. https://doi.org/10.22495/rgcv14i3p5
Akter, M., Kummer, T.-F., & Yigitbasioglu, O. (2024). Looking beyond the hype: The challenges of blockchain adoption in accounting. International Journal of Accounting Information Systems, 53, 100681. https://doi.org/10.1016/j.accinf.2024.100681
Al-Abdullah, M., Alsmadi, I., AlAbdullah, R., & Farkas, B. (2020). Designing privacy-friendly data repositories: a framework for a blockchain that follows the GDPR. Digital Policy, Regulation and Governance, 22(5/6), 389–411. https://doi.org/10.1108/DPRG-04-2020-0050
Alawadhi, A. S., & Alrefai, A. A. (2024). The Metaverse and Accounting: A Paradigm Shift in Emerging Technologies and Their Implications on Accounting Research. Journal of Emerging Technologies in Accounting, 21(2), 19–34. https://doi.org/10.2308/JETA-2023-031
Albekov, A. U., Vovchenko, N. G., Andreeva, O. V., & Sichev, R. A. (2017). Block Chain and Financial Controlling in the System of Technological Provision of Large Corporations’ Economic Security. European Research Studies Journal, 20(3), 3–12.
Aldredge, M., Rogers, C., & Smith, J. (2021). The strategic transformation of accounting into a learned profession. Industry and Higher Education, 35(2), 83–88. https://doi.org/10.1177/0950422220954319
Alkafaji, B. K. A., Dashtbayaz, M. L., & Salehi, M. (2023). The impact of blockchain on the quality of accounting information: an Iraqi case study. Risks, 11(3), 58.
Al-Hattami, H. M. (2024). What factors influence the intention to adopt blockchain technology in accounting education? Humanities and Social Sciences Communications, 11(1), 787. https://doi.org/10.1057/s41599-024-03315-8
AL-Hawamleh, A., Altarawneh, M., Hikal, H., & Elfedawy, A. (2024). Blockchain Technology and Virtual Asset Accounting in the Metaverse: A Comprehensive Review of Future Directions. International Journal of Computing and Digital Systems, 15(1), 1595–1614. https://doi.org/10.12785/ijcds/1501113
Al-Htaybat, K., Hutaibat, K., & von Alberti-Alhtaybat, L. (2019). Global brain-reflective accounting practices: Forms of intellectual capital contributing to value creation and sustainable development. Journal of Intellectual Capital, 20(6), 733–762. https://doi.org/10.1108/JIC-01-2019-0016
Alkhwaldi, A. F., Alidarous, M. M., & Alharasis, E. E. (2024). Antecedents and outcomes of innovative blockchain usage in accounting and auditing profession: an extended UTAUT model. Journal of Organizational Change Management, 37(5), 1102–1132. https://doi.org/10.1108/JOCM-03-2023-0070
Alles, M. G. (2015). Drivers of the use and facilitators and obstacles of the evolution of big data by the audit profession. Accounting Horizons, 29(2), 439–449.
Alles, M., & Gray, G. L. (2023). Hope or hype? Blockchain and accounting. International Journal of Digital Accounting Research, 23, 19–45. https://doi.org/10.4192/1577-8517-v23_2
Alsalmi, N., Ullah, S., & Rafique, M. (2023). Accounting for digital currencies. Research in International Business and Finance, 64, Article 101897. https://doi.org/10.1016/j.ribaf.2023.101897
ALSaqa, Z. H., Hussein, A. I., & Mahmood, S. M. (2019). The impact of blockchain on accounting information systems. Journal of Information Technology Management, 11(3), 62–80. https://doi.org/10.22059/jitm.2019.74301
Alshurafat, H., Al-Mawali, H., & Al Shbail, M. O. (2023). The influence of technostress on the intention to use blockchain technology: the perspectives of Jordanian auditors. Development and Learning in Organizations, 37(3), 24–27. https://doi.org/10.1108/DLO-06-2022-0103
Amanova, G. D., Akimova, B. Z., Saparbaeva, S. S., Moldashbayeva, L. P., & Zholayeva, M. A. (2023). Problems and prospects in development of digital technologies in accounting and auditing at social enterprises of the Republic of Kazakhstan. Rivista di Studi sulla Sostenibilita, 13(1), 65–81. https://doi.org/10.3280/RISS2023-001-S1005
An, J., & Mikhaylov, A. Y. (2023). Current Waste Management in banks from 11 asian Countries vs sberbank ESG Reporting. Finance: Theory and Practice, 27(6), 173–184. https://doi.org/10.26794/2587-5671-2023-27-6-173-184
Angeline, Y. K. H., Chin, W. S., Teoh Teng Tenk, M., & Saleh, Z. (2021). Accounting Treatments for Cryptocurrencies in Malaysia: The Hierarchical Component Model Approach. Asian Journal of Business and Accounting, 14(2), 137–171. https://doi.org/10.22452/ajba.vol14no2.5
Appelbaum, D., & Nehmer, R. A. (2020). Auditing cloud-based blockchain accounting systems. Journal of Information Systems, 34(2), 5–21. https://doi.org/10.2308/isys-52660
Appelbaum, D., Cohen, E., Kinory, E., & Smith, S. S. (2022). Impediments to Blockchain Adoption. Journal of Emerging Technologies in Accounting, 19(2), 199–210. https://doi.org/10.2308/JETA-19-05-14-26
Ashley, M. J., & Johnson, M. S. (2018). Establishing a secure, transparent, and autonomous blockchain of custody for renewable energy credits and carbon credits. IEEE Engineering Management Review, 46(4), 100–102. https://doi.org/10.1109/EMR.2018.2874967
Ashraf, A. M., & Kader, W. A. (2019). Integrating blockchain in nuclear fuel supply chains for transparency of hazardous materials flow. Proceedings of the International Conference on Industrial Engineering and Operations Management (p. 943). IEOM Society.
Asif, M., Searcy, C., & Castka, P. (2023). ESG and Industry 5.0: The role of technologies in enhancing ESG disclosure. Technological Forecasting and Social Change, 195, Article 122806. https://doi.org/10.1016/j.techfore.2023.122806
Asonitou, S. (2020). Technologies to Communicate Accounting Information in the Digital Era: Is Accounting Education Following the Evolutions? In A. Kavoura, E. Kefallonitis, & P. Theodoridis (Eds.), Springer Proceedings in Business and Economics (pp. 187–194). Springer Nature Switzerland AG. https://doi.org/10.1007/978-3-030-36126-6_21
Autore, D., Chen, H. A., Clarke, N., & Lin, J. (2024). Blockchain and earnings management: Evidence from the supply chain. British Accounting Review, 56(4), 101357. https://doi.org/10.1016/j.bar.2024.101357
Bakarich, K. M., Castonguay, J. J., & O'Brien, P. E. (2020). The Use of Blockchains to Enhance Sustainability Reporting and Assurance*. Accounting Perspectives, 19(4), 389–412. https://doi.org/10.1111/1911-3838.12241
Basu, P., Deb, P., & Singh, A. (2024). Blockchain and the carbon credit ecosystem: sustainable management of the supply chain. Journal of Business Strategy, 45(1), 33–40. https://doi.org/10.1108/JBS-09-2022-0157
Bellavitis, C., Fisch, C., & Momtaz, P. P. (2023). The rise of decentralized autonomous organizations (DAOs): a first empirical glimpse. Venture Capital, 25(2), 187–203. https://doi.org/10.1080/13691066.2022.2116797
Bennett, S., Charbonneau, K., Leopold, R., Mezon, L., Paradine, C., Scilipoti, A., & Villmann, R. (2020). Blockchain and Cryptoassets: Insights from Practice*. Accounting Perspectives, 19(4), 283–302. https://doi.org/10.1111/1911-3838.12238
Bergers, J., Shi, Z., Korsmit, K., & Zhao, Z. (2021). DWH-DIM: A Blockchain Based Decentralized Integrity Verification Model for Data Warehouses. Proceedings - 2021 IEEE International Conference on Blockchain, Blockchain 2021, 221–228. https://doi.org/10.1109/Blockchain53845.2021.00037
Blei, D. M., Ng, A. Y., & Jordan, M. I. (2003). Latent dirichlet allocation. Journal of Machine Learning Research, 3(Jan), 993-1022.
Bonyuet, D. (2020). Overview and impact of blockchain on auditing. International Journal of Digital Accounting Research, 20, 31–43. https://doi.org/10.4192/1577-8517-v20_2
Bourveau, T., Brendel, J., & Schoenfeld, J. (2024). Decentralized Finance (DeFi) assurance: early evidence. Review of Accounting Studies, 29(3), 2209–2253. https://doi.org/10.1007/s11142-024-09834-8
Brammertz, W., & Mendelowitz, A. I. (2018). From digital currencies to digital finance: the case for a smart financial contract standard. Journal of Risk Finance, 19(1), 76–92. https://doi.org/10.1108/JRF-02-2017-0025
Cai, C. W. (2021). Triple‐entry accounting with blockchain: How far have we come?. Accounting & Finance, 61(1), 71-93.
Cap, C. H., & Leiding, B. (2018). Ensuring resource trust and integrity in web browsers using blockchain technology. In R. Dijkman & R. Matulevicius (Eds.), Lecture Notes in Business Information Processing (Vol. 316, pp. 115–125). Springer International Publishing. https://doi.org/10.1007/978-3-319-92898-2_9
Caprolu, M., Pontecorvi, M., Signorini, M., Segarra, C., & Di Pietro, R. (2021). Analysis and Patterns of Unknown Transactions in Bitcoin. Proceedings - 2021 IEEE International Conference on Blockchain, Blockchain 2021 (pp. 170–179). Institute of Electrical and Electronics Engineers Inc. https://doi.org/10.1109/Blockchain53845.2021.00031
Cerchiaro, D., Leo, S., Landriault, E., & De Vega, P. (2025). DLT to boost efficiency for Financial Intermediaries. An application in ESG reporting activities. Technology Analysis and Strategic Management, 37(4), 373–386. https://doi.org/10.1080/09537325.2021.1999921
Chinedu, E., & Awasthi, A. (2019). Utilizing the blockchain technology as an effective means for supply chain traceability. Proceedings of the International Conference on Industrial Engineering and Operations Management, 1277–1278.
Chouaibi, Y., Ardhaoui, R., & Affes, W. (2024). Does good governance moderate the relationship between blockchain technology use and tax evasion? Evidence from STOXX 600. EuroMed Journal of Business. Advance online publication. https://doi.org/10.1108/EMJB-12-2023-0337
Choudhury, S., Jayaprakash, P., Srinivas, S., Sowmya, S., Shah, T., & Abinaya, R. (2023). A blockchain platform for the truck freight marketplace in India. Operations Management Research, 16(2), 684–704. https://doi.org/10.1007/s12063-023-00353-4
Chowdhury, E. K., Khan, I. I., & Dhar, B. K. (2023). Strategy for implementing blockchain technology in accounting: Perspectives of stakeholders in a developing nation. Business Strategy and Development, 6(3), 477–490. https://doi.org/10.1002/bsd2.256
Christ, K. L., & V Helliar, C. (2021). Blockchain technology and modern slavery: Reducing deceptive recruitment in migrant worker populations. Journal of Business Research, 131, 112–120. https://doi.org/10.1016/j.jbusres.2021.03.065
Christidis, K., & Devetsikiotis, M. (2016). Blockchains and smart contracts for the internet of things. IEEE Access, 4, 2292-2303.
Chyzhevska, L., Voloschuk, L., Shatskova, L., & Sokolenko, L. (2021). Digitalization as a Vector of Information Systems Development and Accounting System Modernization. Studia Universitatis Vasile Goldis Arad, Economics Series, 31(4), 18–39. https://doi.org/10.2478/sues-2021-0017
Coita, D. C., Abrudan, M. M., & Matei, M. C. (2019). Effects of the Blockchain Technology on Human Resources and Marketing: An Exploratory Study. In A. Kavoura, E. Kefallonitis, & A. Giovanis (Eds.), Springer Proceedings in Business and Economics (pp. 683–691). Springer Nature Switzerland AG. https://doi.org/10.1007/978-3-030-12453-3_79
Cucurull, J., Rodríguez-Pérez, A., Finogina, T., & Puiggalí, J. (2019). Blockchain-based internet voting: Systems’ compliance with international standards. In W. Abramowicz & A. Paschke (Eds.), Lecture Notes in Business Information Processing (Vol. 339, pp. 300–312). Springer Nature Switzerland AG. https://doi.org/10.1007/978-3-030-04849-5_27
Dai, J., & Vasarhelyi, M. A. (2017). Toward blockchain-based accounting and assurance. Journal of Information Systems, 31(3), 5–21. https://doi.org/10.2308/isys-51804
Dai, J., He, N., & Yu, H. (2019). Utilizing blockchain and smart contracts to enable audit 4.0: From the perspective of accountability audit of air pollution control in China. Journal of Emerging Technologies in Accounting, 16(2), 23–41. https://doi.org/10.2308/jeta-52482
Dasaklis, T. K., Casino, F., Patsakis, C., & Douligeris, C. (2019). A Framework for Supply Chain Traceability Based on Blockchain Tokens. In C. Di Francescomarino, R. Dijkman, & U. Zdun (Eds.), Lecture Notes in Business Information Processing (Vol. 362, pp. 704–716). Springer. https://doi.org/10.1007/978-3-030-37453-2_56
Desai, H. (2023). Infusing Blockchain in accounting curricula and practice: expectations, challenges, and strategies. International Journal of Digital Accounting Research, 23, 97–135. https://doi.org/10.4192/1577-8517-v23_5
Desplebin, O., Lux, G., & Petit, N. (2024). Inclusion of blockchain in university accounting curricula: an overview of practices and strategies. Accounting Education. Advance online publication. https://doi.org/10.1080/09639284.2024.2321125
Dimbean-Creta, O. (2017). Fintech - Already new fashion in finance, but what about the future? Quality - Access to Success, 18, 25–29.
Du, J., Shi, Y., Li, W., & Chen, Y. (2023). Can blockchain technology be effectively integrated into the real economy? Evidence from corporate investment efficiency. China Journal of Accounting Research, 16(2), Article 100292. https://doi.org/10.1016/j.cjar.2023.100292
Dubey, K. B., & Goyal, M. (2024). An Improved Intrusion Detection system for securing academic information on the cloud using a blockchain-based security framework. 2024 2nd International Conference on Disruptive Technologies, ICDT 2024 (pp. 434–439). Institute of Electrical and Electronics Engineers Inc. https://doi.org/10.1109/ICDT61202.2024.10489728
Dyball, M. C., & Seethamraju, R. (2021). The impact of client use of blockchain technology on audit risk and audit approach—An exploratory study. International Journal of Auditing, 25(2), 602–615. https://doi.org/10.1111/ijau.12238
Dyball, M. C., & Seethamraju, R. (2022). Client use of blockchain technology: exploring its (potential) impact on financial statement audits of Australian accounting firms. Accounting, Auditing and Accountability Journal, 35(7), 1656–1684. https://doi.org/10.1108/AAAJ-07-2020-4681
Elmaasrawy, H. E., Tawfik, O. I., & Abdul-Rahaman, A.-R. (2025). Effect of audit client’s use of blockchain technology on auditing accounting estimates: evidence from the Middle East. Journal of Financial Reporting and Accounting, 23(2), 617–638. https://doi.org/10.1108/JFRA-08-2023-0499
Elommal, N., & Manita, R. (2022). How Blockchain Innovation could affect the Audit Profession: A Qualitative Study. Journal of Innovation Economics and Management, 37(1), 37–63. https://doi.org/10.3917/jie.pr1.0103
Fang, B., Liu, X., Ma, C., & Zhuo, Y. (2023). Blockchain technology adoption and accounting information quality. Accounting and Finance, 63(4), 4125–4156. https://doi.org/10.1111/acfi.13088
Fatz, F., Hake, P., & Fettke, P. (2019). Towards tax compliance by design: A decentralized validation of tax processes using blockchain technology. Proceedings - 21st IEEE Conference on Business Informatics, CBI 2019, 1, 559–568. https://doi.org/10.1109/CBI.2019.00071
Felipe Munoz, M., Zhang, K., Shahzad, A., & Ouhimmou, M. (2021). LogLog: A blockchain solution for tracking and certifying wood volumes. IEEE International Conference on Blockchain and Cryptocurrency, ICBC 2021. https://doi.org/10.1109/ICBC51069.2021.9461153
Ferri, L., Spanò, R., Ginesti, G., & Theodosopoulos, G. (2020). Ascertaining auditors’ intentions to use blockchain technology: evidence from the Big 4 accountancy firms in Italy. Meditari Accountancy Research, 29(5), 1063–1087. https://doi.org/10.1108/MEDAR-03-2020-0829
Gaur, N. (2020). Blockchain challenges in adoption. Managerial Finance, 46(6), 849–858. https://doi.org/10.1108/MF-07-2019-0328
Gauthier, M. P., & Brender, N. (2021). How do the current auditing standards fit the emergent use of blockchain? Managerial Auditing Journal, 36(3), 365–385. https://doi.org/10.1108/MAJ-12-2019-2513
Gomaa, A. A., Gomaa, M. I., & Stampone, A. (2019). A transaction on the blockchain: An AIS perspective, intro case to explain transactions on the ERP and the role of the internal and external auditor. Journal of Emerging Technologies in Accounting, 16(1), 47–64. https://doi.org/10.2308/jeta-52412
Gray, G. L. (2024). An Exploration of the Money Laundering Associated with the Bitfinex Bitcoin Hack. Journal of Emerging Technologies in Accounting, 21(1), 43–57. https://doi.org/10.2308/JETA-2023-017
Grigoreva, E. A., Garifova, L. F., & Polovkina, E. A. (2019). The future of digital technology in russia: Blockchain as one of the priority directions of development. International Journal on Emerging Technologies, 10(2), 42–46.
Guan, X., & Zhang, R. (2020). Improvement of market economy management measures for innovative enterprises under block chain technology. Proceedings of the International Conference on Electronic Business (ICEB), 2020-December, 191–199.
Guo, X., Zuo, Y., & Li, D. (2025). When auditing Meets Blockchain: A study on applying blockchain smart contracts in auditing. International Journal of Accounting Information Systems, 56, 100730. https://doi.org/10.1016/j.accinf.2025.100730
Hakami, T., Sabri, O., Al-Shargabi, B., Rahmat, M. M., & Nashat Attia, O. (2024). A critical review of auditing at the time of blockchain technology – a bibliometric analysis. EuroMed Journal of Business, 19(4), 1173–1201. https://doi.org/10.1108/EMJB-01-2023-0010
Hamadeh, A. H., Nouraldeen, R. M., Mahboub, R. M., & Hashem, M. S. (2025). Auditors’ Intention to Use Blockchain Technology and TAM3: The Moderating Role of Age. Administrative Sciences, 15(2), Article 61. https://doi.org/10.3390/admsci15020061
Han, H., Shiwakoti, R. K., Jarvis, R., Mordi, C., & Botchie, D. (2023). Accounting and auditing with blockchain technology and artificial Intelligence: A literature review. International Journal of Accounting Information Systems, 48, Article 100598. https://doi.org/10.1016/j.accinf.2022.100598
Hazar, H. B. (2020). Anonymity in Cryptocurrencies. In Eurasian Studies in Business and Economics (Vol. 14, pp. 171–178). Springer Nature Switzerland AG. https://doi.org/10.1007/978-3-030-53536-0_12
Hill, A., Mishra, S., Patlan, A. S., Dorri, A., Dedeoglu, V., Jurdak, R., & Kanhere, S. (2021). BlockTorrent: A Blockchain Enabled Privacy-Preserving Data Availability Protocol for Multi-stakeholder Scenarios. Proceedings - 2021 IEEE International Conference on Blockchain, Blockchain 2021, 103–112. https://doi.org/10.1109/Blockchain53845.2021.00024
Hsieh, S.-F., & Brennan, G. (2022). Issues, risks, and challenges for auditing crypto asset transactions. International Journal of Accounting Information Systems, 46, Article 100569. https://doi.org/10.1016/j.accinf.2022.100569
Huang, F., Wang, T., & Yen, J.-C. (2024). Opportunities or Challenges? Audit Risk and Blockchain Disclosures in 10-K Filings. Auditing: A Journal of Practice & Theory, 43(2), 131–158. https://doi.org/10.2308/AJPT-2021-045
Iansiti, M., & Lakhani, K. R. (2017). The truth about blockchain. Harvard Business Review, 95(1), 118-127.
Indrayani, Sukoharsono, E. G., Djamhuri, A., & Roekhudin. (2024). Mapping research landscape of emerging technologies in the accounting field: a bibliometric analysis. Cogent Business & Management, 11(1), 2407044.
Jackson, A. B., & Luu, S. (2023). Accounting For Digital Assets. Australian Accounting Review, 33(3), 302–312. https://doi.org/10.1111/auar.12402
Jaradat, Z., Al-Hawamleh, A., Al Shbail, M. O., & Hamdan, A. (2024). Does the adoption of blockchain technology add intangible benefits to the industrial sector? Evidence from Jordan. Journal of Financial Reporting and Accounting, 22(2), 327–349. https://doi.org/10.1108/JFRA-03-2023-0164
Jena, R. K. (2024). Investigating accounting professionals’ intention to adopt blockchain technology. Review of Accounting and Finance, 23(3), 375–393. https://doi.org/10.1108/RAF-06-2023-0185
Juma’h, A. H., & Li, Y. (2023). The effects of auditors’ knowledge, professional skepticism, and perceived adequacy of accounting standards on their intention to use blockchain. International Journal of Accounting Information Systems, 51, 100650. https://doi.org/10.1016/j.accinf.2023.100650
Juma’h, A., & Albizri, A. (2025). Factor affecting voluntary crypto asset reporting in financial statements: management discretion and long-term financing. Journal of Decision Systems. Advance online publication. https://doi.org/10.1080/12460125.2024.2449336
Kaal, W. A. (2020). Decentralized Corporate Governance via Blockchain Technology. Annals of Corporate Governance, 5(2), 101–147. https://doi.org/10.1561/109.00000025
Kavassalis, P., Stieber, H., Breymann, W., Saxton, K., & Gross, F. J. (2018). An innovative RegTech approach to financial risk monitoring and supervisory reporting. Journal of Risk Finance, 19(1), 39–55. https://doi.org/10.1108/JRF-07-2017-0111
Kennedy, D. B., & Stratopoulos, T. C. (2025). How to Implement a Data Analytics and Emerging Technologies-Enabled Accounting Curriculum. Journal of Emerging Technologies in Accounting, 22(1), 45–63. https://doi.org/10.2308/JETA-2023-040
Kinory, E., Smith, S. S., & Church, K. S. (2020). Exploring the playground: Blockchain prototype use cases with hyperledger composer. Journal of Emerging Technologies in Accounting, 17(1), 77–88. https://doi.org/10.2308/jeta-52717
Kleinknecht, L. (2021). Can Blockchain Capabilities Contribute to Sustainable Supply-Chain Governance? IEEE Engineering Management Review, 49(4), 150–154. https://doi.org/10.1109/EMR.2021.3123205
Kliestik, T., Dragomir, R., Băluță, A. V., Grecu, I., Durana, P., Karabolevski, O. L., Kral, P., Balica, R., Suler, P., Bușu, O. V., Bugaj, M., Voinea, D.-V., Vrbka, J., Cocoșatu, M., Grupac, M., Pera, A., & Gajdosikova, D. (2024). Enterprise generative artificial intelligence technologies, internet of things and blockchain-based fintech management, and digital twin industrial metaverse in the cognitive algorithmic economy. Oeconomia Copernicana, 15(4), 1183–1221. https://doi.org/10.24136/oc.3109
Kokina, J., Mancha, R., & Pachamanova, D. (2017). Blockchain: Emergent industry adoption and implications for accounting. Journal of Emerging Technologies in Accounting, 14(2), 91–100. https://doi.org/10.2308/jeta-51911
Kordestani, H., Barkaoui, K., & Zahran, W. (2020). HapiFabric: A Teleconsultation Framework Based on Hyperledger Fabric. Lecture Notes in Business Information Processing, 402, 399–414. https://doi.org/10.1007/978-3-030-63396-7_27
Kshetri, N. (2021). Blockchain and sustainable supply chain management in developing countries. International Journal of Information Management, 60, Article 102376. https://doi.org/10.1016/j.ijinfomgt.2021.102376
Kwilinski, A. (2019). Implementation of blockchain technology in accounting sphere. Academy of Accounting and Financial Studies Journal, 23(Special Issue 2), 1–6.
Lee, E. Y., Leeroy, G. C., & Leeroy, W. (2024). Impact of Blockchain on Improving Taxpayers’ Compliance: Empirical Evidence from Panel Data Model and Agent-Based Simulation. Journal of Emerging Technologies in Accounting, 21(1), 89-109.
Li, S., & Chen, Y. (2024). Governing decentralized autonomous organizations as digital commons. Journal of Business Venturing Insights, 21, Article e00450. https://doi.org/10.1016/j.jbvi.2024.e00450
Liao, K., Lin, L., & Sun, Y. (2025). Blockchain adoption and corporate financial reporting quality. Journal of Accounting and Public Policy, 49, 107265. https://doi.org/10.1016/j.jaccpubpol.2024.107265
Lombardi, R., de Villiers, C., Moscariello, N., & Pizzo, M. (2022). The disruption of blockchain in auditing – a systematic literature review and an agenda for future research. Accounting, Auditing and Accountability Journal, 35(7), 1534–1565. https://doi.org/10.1108/AAAJ-10-2020-4992
Lopez-Pimentel, J. C., Rojas, O., & Monroy, R. (2020). Blockchain and off-chain: A Solution for Audit Issues in Supply Chain Systems. Proceedings - 2020 IEEE International Conference on Blockchain, Blockchain 2020, 126–133. https://doi.org/10.1109/Blockchain50366.2020.00023
Luo, M., & Yu, S. (2024). Financial reporting for cryptocurrency. Review of Accounting Studies, 29(2), 1707–1740. https://doi.org/10.1007/s11142-022-09741-w
Luo, Y., Shen, J., Liang, H., Sun, L., & Dong, L. (2024). Carbon monitoring, reporting and verification (MRV) for cleaner built environment: Developing a solar photovoltaic blockchain tool and applications in Hong Kong's building sector. Journal of Cleaner Production, 471, Article 143456. https://doi.org/10.1016/j.jclepro.2024.143456
Majeed, R. H., & Taha, A. A. D. (2024). A survey study of Iraqi auditors' adoption of blockchain technology. Asian Review of Accounting, 32(3), 521–546. https://doi.org/10.1108/ARA-01-2023-0015
Marrone, M., & Hazelton, J. (2019). The disruptive and transformative potential of new technologies for accounting, accountants and accountability: A review of current literature and call for further research. Meditari Accountancy Research, 27(5), 677–694. https://doi.org/10.1108/MEDAR-06-2019-0508
Marzuki, M. M., Majid, W. Z. N. A., Salwani, R., Zawawi, M. Z. M., & Bakar, H. A. (2019). Students’ perceptions and learning approaches in accounting: The role of mobile apps technology. Management and Accounting Review, 18(3), 1–30.
McGrath, P., McCarthy, L., Marshall, D., & Rehme, J. (2021). Tools and Technologies of Transparency in Sustainable Global Supply Chains. California Management Review, 64(1), 67–89. https://doi.org/10.1177/00081256211045993
Mehta, M., Khurana, A., & Kumar, V. V. R. (2023). Leveraging Blockchain Technology for Improving the Quality of Corporate Governance. 2023 6th International Conference on Information Systems and Computer Networks, ISCON 2023. https://doi.org/10.1109/ISCON57294.2023.10112178
Meiryani, M., Warganegara, D. L., & Andini, V. (2023). Big Data, Machine Learning, Artificial Intelligence and Blockchain in Corporate Governance. Foresight and STI Governance, 17(4), 69–78. https://doi.org/10.17323/2500-2597.2023.4.69.78
Moghrabi, I. A. R., & Benameur, K. B. (2022). Determinants for the utilisation of blockchain technologies for accounting in Kuwait. International Journal of Business Information Systems, 41(2), 157–176. https://doi.org/10.1504/ijbis.2022.126129
Moll, J., & Yigitbasioglu, O. (2019). The role of internet-related technologies in shaping the work of accountants: New directions for accounting research. British Accounting Review, 51(6), Article 100833. https://doi.org/10.1016/j.bar.2019.04.002
Monteiro, T. D., Sanchez, O. P., & Moraes, G. H. S. M. (2024). Exploring off-chain voting and blockchain in decentralized autonomous organizations. RAUSP Management Journal, 59(4), 335–349. https://doi.org/10.1108/RAUSP-08-2023-0162
Mutamimah, M., Alifah, S., & Adnjani, M. D. (2023). Corporate governance innovation framework to reduce credit risk in MSMEs using blockchain technology. Cogent Business and Management, 10(3), Article 2250504. https://doi.org/10.1080/23311975.2023.2250504
Nofel, M., Marzouk, M., Elbardan, H., Saleh, R., & Mogahed, A. (2024). From Sensors to Standardized Financial Reports: A Proposed Automated Accounting System Integrating IoT, Blockchain, and XBRL. Journal of Risk and Financial Management, 17(10), Article 445. https://doi.org/10.3390/jrfm17100445
Oladejo, M. T., Botes, V., Low, M., & Reeves, S. (2024). Blockchain technology disruptions: Exploring accounting and auditing academics and practitioners' perception. Accounting and Finance. Advance online publication. https://doi.org/10.1111/acfi.13383
O'Leary, D. E. (2017). Configuring blockchain architectures for transaction information in blockchain consortiums: The case of accounting and supply chain systems. Intelligent Systems in Accounting, Finance and Management, 24(4), 138–147. https://doi.org/10.1002/isaf.1417
O'Leary, D. E. (2018). Open Information Enterprise Transactions: Business Intelligence and Wash and Spoof Transactions in Blockchain and Social Commerce. Intelligent Systems in Accounting, Finance and Management, 25(3), 148–158. https://doi.org/10.1002/isaf.1438
O'Leary, D. E. (2019). Some issues in blockchain for accounting and the supply chain, with an application of distributed databases to virtual organizations. Intelligent Systems in Accounting, Finance and Management, 26(3), 137–149. https://doi.org/10.1002/isaf.1457
Olivas-Lujan, M. R. (2019). Blockchains 2019 in e-HRM: Hit or Hype? Advanced Series in Management, 23, 117–139. https://doi.org/10.1108/S1877-636120190000023010
Oosthoek, K., & Doerr, C. (2020). From Hodl to Heist: Analysis of Cyber Security Threats to Bitcoin Exchanges. IEEE International Conference on Blockchain and Cryptocurrency, ICBC 2020. https://doi.org/10.1109/ICBC48266.2020.9169412
Pandey, D., & Gilmour, P. (2024). Accounting meets metaverse: navigating the intersection between the real and virtual worlds. Journal of Financial Reporting and Accounting, 22(2), 211–226. https://doi.org/10.1108/JFRA-03-2023-0157
Parrondo, L. (2023). Cryptoassets: Definitions and accounting treatment under the current International Financial Reporting Standards framework. Intelligent Systems in Accounting, Finance and Management, 30(4), 208–227. https://doi.org/10.1002/isaf.1543
Petchenko, M., Fomina, T., Balaziuk, O., Smirnova, N., & Luhova, O. (2023). Analysis of trends in the implementation of digitalization in accounting (Ukrainian case). Financial and Credit Activity: Problems of Theory and Practice, 1(48), 105–113. https://doi.org/10.55643/fcaptp.1.48.2023.3951
Pflueger, D., Kornberger, M., & Mouritsen, J. (2024). What is Blockchain Accounting? A Critical Examination in Relation to Organizing, Governance, and Trust. European Accounting Review, 33(4), 1139–1164. https://doi.org/10.1080/09638180.2022.2147973
Pimentel, E., & Boulianne, E. (2020). Blockchain in Accounting Research and Practice: Current Trends and Future Opportunities*. Accounting Perspectives, 19(4), 325–361. https://doi.org/10.1111/1911-3838.12239
Pimentel, E., Boulianne, E., Eskandari, S., & Clark, J. (2021). Systemizing the challenges of auditing blockchain-based assets. Journal of Information Systems, 35(2), 61–75. https://doi.org/10.2308/ISYS-19-007
Procházka, D. (2018). Accounting for bitcoin and other cryptocurrencies under IFRS: A comparison and assessment of competing models. International Journal of Digital Accounting Research, 18, 161–188. https://doi.org/10.4192/1577-8517-v18_7
Putritama, A., Warsono, S., Ali, S., & Handayani, W. (2024). The Impact of Blockchain Technology on Accounting: A Literature Review. Complex Systems Informatics and Modeling Quarterly, 41, 40–54. https://doi.org/10.7250/csimq.2024-41.03
Qasim, A., & Kharbat, F. F. (2020). Blockchain technology, business data analytics, and artificial intelligence: Use in the accounting profession and ideas for inclusion into the accounting curriculum. Journal of Emerging Technologies in Accounting, 17(1), 107–117. https://doi.org/10.2308/jeta-52649
Rien Agustin, F., & Susilowati, D. (2019). Preventing corruption with blockchain technology (case study of Indonesian public procurement). International Journal of Scientific and Technology Research, 8(9), 2377–2383.
Rijanto, A. (2021). Blockchain technology adoption in supply chain finance. Journal of Theoretical and Applied Electronic Commerce Research, 16(7), 3078–3098. https://doi.org/10.3390/jtaer16070168
Rivera, T., & Foderick, D. (2024). Ostrom’s Razor: Using Bitcoin to Cut Fraud in Hollywood Accounting. Journal of Risk and Financial Management, 17(4), Article 139. https://doi.org/10.3390/jrfm17040139
Röder, M., Both, A., & Hinneburg, A. (2015, February). Exploring the space of topic coherence measures. In Proceedings of the eighth ACM international conference on Web search and data mining (pp. 399-408).
Ronaghi, M. H. (2022). Contextualizing the impact of blockchain technology on the performance of new firms: The role of corporate governance as an intermediate outcome. Journal of High Technology Management Research, 33(2), Article 100438. https://doi.org/10.1016/j.hitech.2022.100438
Rozario, A. M., & Thomas, C. (2019). Reengineering the audit with blockchain and smart contracts. Journal of Emerging Technologies in Accounting, 16(1), 21–35. https://doi.org/10.2308/jeta-52432
Rozario, A. M., & Vasarhelyi, M. A. (2018). Auditing with smart contracts. International Journal of Digital Accounting Research, 18, 1–27. https://doi.org/10.4192/1577-8517-v18_1
Sabour, K. A., & Al-Waeli, A. (2023). The effect of blockchain technology as a moderator on the relationship between big data and the risk of financial disclosure (analytical study in the Egyptian and Iraqi stock exchange). Eastern-European Journal of Enterprise Technologies, 1(13), 121. https://doi.org/10.15587/1729-4061.2023.274641
Sahai, S., Singh, N., & Dayama, P. (2020). Enabling Privacy and Traceability in Supply Chains using Blockchain and Zero Knowledge Proofs. Proceedings - 2020 IEEE International Conference on Blockchain, Blockchain 2020, 134–143. https://doi.org/10.1109/Blockchain50366.2020.00024
Saurabh, K., Rani, N., & Upadhyay, P. (2024). Towards novel blockchain decentralised autonomous organisation (DAO) led corporate governance framework. Technological Forecasting and Social Change, 204, Article 123417. https://doi.org/10.1016/j.techfore.2024.123417
Schmitz, J., & Leoni, G. (2019). Accounting and Auditing at the Time of Blockchain Technology: A Research Agenda. Australian Accounting Review, 29(2), 331–342. https://doi.org/10.1111/auar.12286
Scuderi, A., Foti, V., & Timpanaro, G. (2019). The supply chain value of pod and pgi food products through the application of blockchain. Quality - Access to Success, 20(S2), 580–587.
Secinaro, S., Calandra, D., & Biancone, P. (2021). Blockchain, trust, and trust accounting: Can blockchain technology substitute trust created by intermediaries in trust accounting? A theoretical examination. International Journal of Management Practice, 14(2), 129–145. https://doi.org/10.1504/IJMP.2021.113824
Seidenfad, K., Biermann, J., & Lechner, U. (2023). CarbonEdge: Demonstrating Blockchain-Based Monitoring, Reporting and Verification of Greenhouse Gas Emissions on the Edge. 2023 IEEE International Conference on Blockchain and Cryptocurrency, ICBC 2023. https://doi.org/10.1109/ICBC56567.2023.10174891
Sgantzos, K., Tzavaras, P., Al Hemairy, M., & Porras, E. R. (2025). Triple-Entry Accounting and Other Secure Methods to Preserve User Privacy and Mitigate Financial Risks in AI-Empowered Lifelong Education. Journal of Risk and Financial Management, 18(4), Article 176. https://doi.org/10.3390/jrfm18040176
Shapovalova, A., Kuzmenko, O., Polishchuk, O., Larikova, T., & Myronchuk, Z. (2023). Modernization of the national accounting and auditing system using digital transformation tools. Financial and Credit Activity: Problems of Theory and Practice, 4(51), 33–52. https://doi.org/10.55643/fcaptp.4.51.2023.4102
Sharma, P., Shukla, D. M., & Raj, A. (2023). Blockchain adoption and firm performance: The contingent roles of intangible capital and environmental dynamism. International Journal of Production Economics, 256, Article 108727. https://doi.org/10.1016/j.ijpe.2022.108727
Sheldon, M. D. (2019). A primer for information technology general control considerations on a private and permissioned blockchain audit. Current Issues in Auditing, 13(1), A15–A29. https://doi.org/10.2308/ciia-52356
Sheldon, M. D. (2021a). Auditing the blockchain oracle problem. Journal of Information Systems, 35(1), 121–133. https://doi.org/10.2308/ISYS-19-049
Sievert, C., & Shirley, K. (2014, June). LDAvis: A method for visualizing and interpreting topics. In Proceedings of the workshop on interactive language learning, visualization, and interfaces (pp. 63-70).
Singh, H., Jain, G., Munjal, A., & Rakesh, S. (2020). Blockchain technology in corporate governance: disrupting chain reaction or not? Corporate Governance (Bingley), 20(1), 67–86. https://doi.org/10.1108/CG-07-2018-0261
Singhania, M., Chadha, G., & Prasad, R. (2024). Sustainable finance research: Review and agenda. International Journal of Finance and Economics, 29(4), 4010–4045. https://doi.org/10.1002/ijfe.2854
Smith, S. S. (2018). Implications of next step blockchain applications for accounting and legal practitioners: A case study. Australasian Accounting, Business and Finance Journal, 12(4), 77–90. https://doi.org/10.14453/aabfj.v12i4.6
Smith, S. S., Petkov, R., & Lahijani, R. (2019). Blockchain and cryptocurrencies – considerations for treatment and reporting for financial services professionals. International Journal of Digital Accounting Research, 19, 59–78. https://doi.org/10.4192/1577-8517-v19_3
Søgaard, J. S. (2021). A blockchain-enabled platform for VAT settlement. International Journal of Accounting Information Systems, 40, Article 100502. https://doi.org/10.1016/j.accinf.2021.100502
Stafford, T. F., & Treiblmaier, H. (2020). Characteristics of a blockchain ecosystem for secure and sharable electronic medical records. IEEE Transactions on Engineering Management, 67(4), 1340-1362.
Stern, M., & Reinstein, A. (2021). A blockchain course for accounting and other business students. Journal of Accounting Education, 56, Article 100742. https://doi.org/10.1016/j.jaccedu.2021.100742
Swan, M. (2015). Blockchain: Blueprint for a new economy. O'Reilly Media, Inc.
Tan, Y., Huang, X., & Li, W. (2023). Does blockchain-based traceability system guarantee information authenticity? An evolutionary game approach. International Journal of Production Economics, 264, Article 108974. https://doi.org/10.1016/j.ijpe.2023.108974
Tang, Q., & Tang, L. M. (2019). Toward a distributed carbon ledger for carbon emissions trading and accounting for corporate carbon management. Journal of Emerging Technologies in Accounting, 16(1), 37–46. https://doi.org/10.2308/jeta-52409
Tian, X., & Sarkis, J. (2024). Towards greener trade and global supply chain environmental accounting. An embodied environmental resources blockchain design. International Journal of Production Research, 62(8), 2705–2724. https://doi.org/10.1080/00207543.2023.2232890
Tran, N. P., Le, Q. T.-T., Vo, A. T., & Vo, D. H. (2024). Digital transformation and corporate restructuring: does corporate governance matter? Journal of Strategy and Management. Advance online publication. https://doi.org/10.1108/JSMA-04-2023-0084
Trequattrini, R., Palmaccio, M., Turco, M., & Manzari, A. (2024). The contribution of blockchain technologies to anti‐corruption practices: A systematic literature review. Business Strategy and the Environment, 33(1), 4-18.
Trotta, A., Rania, F., & Strano, E. (2024). Exploring the linkages between FinTech and ESG: A bibliometric perspective. Research in International Business and Finance, 69, Article 102200. https://doi.org/10.1016/j.ribaf.2023.102200
Veuger, J. (2021). Digitization and Blockchain in Finance, The Netherlands in 2020 and 2021. International Journal of Applied Economics, Finance and Accounting, 11(1), 1–22. https://doi.org/10.33094/8.2017.2021.111.1.22
Vincent, N. E., Skjellum, A., & Medury, S. (2020). Blockchain architecture: A design that helps CPA firms leverage the technology. International Journal of Accounting Information Systems, 38, Article 100466. https://doi.org/10.1016/j.accinf.2020.100466
Wang, S., Wen, W., Niu, Y., & Li, X. (2024). Digital transformation and corporate labor investment efficiency. Emerging Markets Review, 59, Article 101109. https://doi.org/10.1016/j.ememar.2024.101109
Wang, Y., & Kogan, A. (2018). Designing confidentiality-preserving Blockchain-based transaction processing systems. International Journal of Accounting Information Systems, 30, 1–18. https://doi.org/10.1016/j.accinf.2018.06.001
Werner, J. (2023). Blockchain Governance – A Systematic Literature Review. In M. Papadaki, P. Rupino da Cunha, M. Themistocleous, & K. Christodoulou (Eds.), Lecture Notes in Business Information Processing (Vol. 464, pp. 185–197). Springer Nature Switzerland AG. https://doi.org/10.1007/978-3-031-30694-5_14
Werner, J. (2023). Blockchain Governance – A Systematic Literature Review. Lecture Notes in Business Information Processing, 464 LNBIP, 185–197. https://doi.org/10.1007/978-3-031-30694-5_14
White, J., & Daniels, C. (2019). Continuous cybersecurity management through blockchain technology. 2019 IEEE Technology and Engineering Management Conference, TEMSCON 2019. https://doi.org/10.1109/TEMSCON.2019.8813712
Widayanti, R., Mutiara, A. B., & Tarigan, A. (2024). Data Governance in Blockchain-Based Systems for Internship Grade Conversion. APTISI Transactions on Technopreneurship, 6(3), 509–521. https://doi.org/10.34306/att.v6i3.487
Yang, Y. (2020). Research on the New Capability Structure of University Accounting Talents under the Background of Artificial Intelligence and Blockchain. Proceedings - 2020 3rd International Conference on Smart BlockChain, SmartBlock 2020, 57–62. https://doi.org/10.1109/SmartBlock52591.2020.00018
Youn, S.-Y., Hwang, J., & Ju, N. (2025). Blockchain transparency in reducing second-hand luxury shopping uncertainty and the role of price consciousness. Fashion and Textiles, 12(1), 10. https://doi.org/10.1186/s40691-025-00420-3
Yu, T. (2024). Blockchain Technology and the Improvement of ESG Information Transparency. Advances in Transdisciplinary Engineering, 56, 211–219. https://doi.org/10.3233/ATDE240431
Yu, T., Lin, Z., & Tang, Q. (2018). Blockchain: The Introduction and Its Application in Financial Accounting. Journal of Corporate Accounting and Finance, 29(4), 37–47. https://doi.org/10.1002/jcaf.22365
Zemánková, A. (2019). Artificial intelligence and blockchain in audit and accounting: Literature review. WSEAS Transactions on Business and Economics, 16, 568–581.
Zheng, K., Zheng, L. J., Gauthier, J., Zhou, L., Xu, Y., Behl, A., & Zhang, J. Z. (2022). Blockchain technology for enterprise credit information sharing in supply chain finance. Journal of Innovation and Knowledge, 7(4), Article 100256. https://doi.org/10.1016/j.jik.2022.100256
 
 
 
 
 
 
Journal of Information Technology Management
Volume 17, Issue 4
2025
Pages 59-87

Files

Share

How to cite

Statistics