The role of digital transformation in developing the accounting and auditing profession: (A study on auditing firms in Libya)

Abstract

This study aimed to identify the role of digital transformation in developing the accounting and auditing profession through afield application in auditing firms in Libya, focusing on three main technologies: automation of accounting processes, cloud computing, and artificial intelligence, The study   adopted a descriptive-analytical approach, collecting data using a questionnaire distributed to a random sample of 100 accountants and auditors, of which 97 questionnaires were returned and deemed valid for analysis. The study's results showed digital transformation technologies play a statistically significant role in developing the accounting and auditing profession. Automating processes simplifies procedures, reduces human error, and saves time and effort. Cloud computing improves access to financial data and increases the efficiency of its storage and analysis, while artificial intelligence enhances the efficiency of audit processes, the accuracy of financial analysis, and decision-making support.

The results also revealed positive attitudes among the sample towards the use of digital technologies, and emphasized the importance of developing accountants' skills to keep pace with technological transformations. The study recommended that accounting and auditing firms adopt digital transformation technologies more broadly, intensify training and development programs, and enhance educational curricula and technological infrastructure to improve the quality of accounting.