Title: Fraud-proof accounting: the power of blockchain technology (Blo-tech)

Authors: Asha Sharma; Aditya Mishra

Addresses: Department of Accountancy and Business Statistics, University College of Commerce and Management Studies, Mohanlal Sukhadia University, Udaipur, 313001, Rajasthan, India SCOPUS: 57223928777 ' Department of Electronics and Communications Engineering (ECE), College of Technology and Engineering, Maharana Pratap University of Agriculture and Technology, Udaipur, 313001, Rajasthan, India

Abstract: The purpose of the study is to identify the factors affecting fraudulent practices in the accounting profession and to measure the impact of fraud-proof accounting to reduce the risk. The main aim of the study is to find the impact of fraud-proof accounting in the prevention of fraudulent practices in the accounting profession. A partial least squares structural equation model (PLS-SEM) was employed as the principle data analysis approach, and Smart PLS 4.0 was employed as the main analytical software. The findings showed that there is a significant impact of fraud-proof accounting in the prevention of digital and financial fraudulent practices in the accounting profession. The impact made by the technology to prevent identical and supply chain fraudulent practices is significant but found negative. It is suggested to improve the accounting technology to four-dimensional (4D) customised accounting with blockchain technology.

Keywords: generative AI with blockchain technology; accounting profession; fraudulent practices; fraud-proof accounting; identical; digital; supply chain and financial frauds; customised accounting.

DOI: 10.1504/IJBC.2024.142268

International Journal of Blockchains and Cryptocurrencies, 2024 Vol.5 No.2, pp.83 - 99

Received: 28 Mar 2024
Accepted: 15 Jul 2024
Published online: 16 Oct 2024 *

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