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Blockchain Empowers the Transparency and Compliance Balance Mechanism of Accounting Information Systems

Author(s)

Xiaoyi Wang

Affiliation(s)

Beijing Normal-Hong Kong Baptist University, Zhuhai, China

Abstract

This article focuses on the impact of blockchain technology on accounting information systems, aiming to explore the balance between transparency and compliance of accounting information systems through the empowerment of blockchain. First, analyze the problems existing in traditional accounting information systems at the levels of transparency and compliance, such as information asymmetry, easy data tampering, high auditing difficulty, high compliance costs, and difficult supervision. Then, it elaborates on the characteristics of blockchain such as decentralization, immutability, traceability, and smart contracts, as well as the transformative potential it brings to accounting information systems, including improving data quality, achieving real-time sharing, reducing audit costs, and strengthening compliance management. Elaborate in detail on how blockchain promotes transparency through data openness and transparency, supply chain finance transparency, public supervision and participation, and ensures compliance by using smart contracts for automatic compliance checks, real-time regulatory reports, identity authentication and authorization management. Furthermore, a balanced mechanism framework is constructed, which includes hierarchical data management, hierarchical authorization of smart contracts, the combination of supervision and self-discipline, and dispute resolution mechanisms. Research shows that blockchain technology can effectively enhance the transparency and compliance of accounting information systems. A reasonable mechanism design can achieve a balance between the two, providing a solid guarantee for the reliability of accounting information and the usefulness of decision-making.

Keywords

Blockchain; Accounting Information System; Transparency; Compliance Balance Mechanism

References

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