The Role of Technology in Enhancing Financial Reporting Accuracy: A conceptual Review

Authors: Suleiman Hadiza Ahmed & kubbaniya Sansui Mohammad

Affiliation: Department of accounting Usmanu Danfodio University Sokoto

Corresponding Author: [email protected]

December 31, 2025

SIAR-Global Journal of Economics, Finance & Accounting

DOI: 10.5281/zenodo.18139660

The Role of Technology in Enhancing Financial Reporting Accuracy: A conceptual Review
Review Article Management

Abstract

In the contemporary business landscape, the accuracy of financial reporting serves as a critical foundation for effective decision-making, corporate transparency, and stakeholder confidence. Reliable financial information enables investors, regulators, and management to make informed judgments about organizational performance and sustainability. However, the increasing complexity of business operations and the growing volume of financial data have heightened the need for technological innovations that enhance reporting precision and integrity. This paper examines the evolving role of technology in improving financial reporting accuracy, focusing on key innovations such as automation, data analytics, artificial intelligence (AI), and blockchain technology. Automation and integrated accounting systems have substantially reduced human error and enhanced the timeliness and consistency of financial disclosures. Similarly, data analytics and AI-driven tools have improved anomaly detection, fraud prevention, and financial forecasting and risk analysis, providing a data-driven foundation for assurance and compliance. Furthermore, blockchain technology provides tamper-resistant and transparent audit trails, thereby reinforcing accountability and reducing opportunities for manipulation. The paper also discusses the implications of these technologies for businesses, auditors, and regulatory agencies, particularly in the context of sub-Saharan African economies. By synthesizing recent empirical and theoretical literature, the study highlights that technological adoption is not merely a tool for efficiency but a strategic necessity for ensuring accuracy, credibility, and trustworthiness in financial reporting. The paper concludes that while technology offers transformative potential, its successful implementation requires robust IT governance, continuous professional training, and a regulatory framework that promotes transparency and ethical standards in digital financial reporting. 

Keywords

Technology, Financial Reporting Accuracy, Automation, Artificial Intelligence (AI), Blockchain, Data Analytics, Corporate Governance

Full Article

 Download Full Article (PDF)

How to Cite

Suleiman Hadiza Ahmed & kubbaniya Sansui Mohammad (2025). The Role of Technology in Enhancing Financial Reporting Accuracy: A conceptual Review. SIAR-Global Journal of Economics, Finance & Accounting, Vol. 1, No. 2. DOI: 10.5281/zenodo.18139660

Share This Article

Facebook LinkedIn

Article Information

  • Type: Review Article
  • Journal: SIAR-Global Journal of Economics, Finance & Accounting
  • Subject Area: Management
  • Published: December 31, 2025
  • Volume: 1
  • Issue: 2
  • Word Count: Not specified
  • DOI: 10.5281/zenodo.18139660
  • Processing Fee: $350.00 USD

Related Articles

Effect of Financial Innovations on Economic Growth in …
Professor Theresa Udenwa & EKIYE, Alfred
Non-Financial Disclosure Practices and Financial Reporting Quality of …
AKPAN, Dorathy Christopher

About This Journal

SIAR-Global Journal of Economics, Finance & Accounting

The SIAR-Global Journal of Economics, Finance & Accounting (GJEFA) is an official publication of the Society of Innovative Academic Researchers …

View Journal Submit to Journal