Use of software products in accounting and auditing: theoretical and practical aspects

Abstract

The digitalization of the economy and the active implementation of information technologies determine the need to improve accounting and auditing systems in accordance with modern enterprise management requirements. The use of software products automates financial processes, enhances the reliability of accounting information, and improves the effectiveness of internal controls. The purpose of the article is to identify the specific features of the use of software products in enterprise accounting and auditing systems, determine their functional capabilities, advantages, and application risks, as well as substantiate directions for improving the efficiency of automation of accounting and analytical processes in the context of economic digitalization. Methods. To achieve the stated purpose, a combination of general scientific and specialized research methods was used, including analysis and synthesis, logical generalization, systematization, comparison, scientific abstraction, and the structural-functional approach. Results. The study identified the functional capabilities of modern software products for accounting and auditing systems, analyzed the advantages and risks of their use in enterprise operations, and substantiated the importance of automating accounting and analytical processes to improve management efficiency. It has been proven that the use of modern information systems ensures greater accuracy in accounting operations, prompt financial reporting, optimized audit procedures, and improved internal control systems. It was established that integrating software products into an enterprise's financial and analytical activities contributes to the formation of a unified information environment and enhances the effectiveness of managerial decision-making. At the same time, it was determined that the digitalization process is accompanied by a number of organizational, technical, and informational risks that require comprehensive management, an appropriate level of information security, and continuous software updating. Conclusions. It has been established that the consistent integration of information technologies into financial and analytical processes increases the efficiency of accounting and analytical processes, improves internal control, and optimizes the enterprise's management support in the context of the digital transformation of the economy.