BLOCKCHAIN TECHNOLOGY IN ACCOUNTING: A STUDY ON THE PERCEPTION OF CAs IN AHMEDABAD

Mahendra Prajapati

doi:10.55955/340005

Authors

Dr. Mahendra N. Prajapati Government Arts and Commerce College, Jadar

DOI:

https://doi.org/10.55955/340005

Keywords:

Blockchain Technology, Accounting, Chartered Accountants, Fraud Prevention, Transparency

Abstract

Blockchain technology holds significant promises for transforming the accounting profession by addressing key challenges such as fraud, transparency, and efficiency. One of the most profound impacts of blockchain in accounting is its ability to create an immutable and transparent ledger of financial transactions. This study explores the perceptions of Chartered Accountants (CAs) in Ahmedabad towards the adoption of blockchain technology in accounting. The research objectives include analyzing the perceptions of CAs regarding blockchain and investigating the association between their demographic profiles—such as age, years of experience, and occupation—and their views on blockchain adoption. A total of 150 CAs from Ahmedabad were interviewed to gather insights on these aspects. The findings indicate that CAs generally perceive blockchain as a transformative tool that can significantly improve transparency and reduce fraud in accounting. Additionally, the study identifies a clear association between the demographic factors of CAs and their perceptions of blockchain technology, suggesting that age, experience, and professional role influence their openness to adopting this emerging technology.

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