Document Type : Original Article
Authors
1 PhD student in Accounting, University of Mazandaran, Babolsar, Iran
2 2. Professor of Accounting, University of Mazandaran, Babolsar, Iran
3 Professor of Accounting, University of Mazandaran, Babolsar, Iran
Abstract
Today, the significant impacts of blockchain technology on several industries, including the financial sector, cannot be ignored. However, its potential to increase security, speed, and transparency in the financial reports of Iraqi banks has not yet been examined. Therefore, the aim of the present study is to investigate the impact of blockchain technology on the security, speed, and transparency of financial reports in banks listed on the Iraqi Stock Exchange with data from the last six months of 2023 and the first three months of 2024. Descriptive statistical methods and inferential statistics (multivariate regression and structural equation model) were used for analysis. 384 people from among accountants, independent auditors, managers, and others in banks listed on the Iraqi Stock Exchange was considered as a sample. The results of the hypothesis test showed that at the 99% confidence level, the level of familiarity with blockchain technology was a factor in increasing the security and quality of information in banks' financial reports. Thus, the level of use of blockchain technology had a positive and significant impact on the security, speed, and transparency of financial reports of Iraqi listed banks. Since the present study was examined in an emerging market such as Iraq, it can provide useful information in this field for readers in Iraq and other similar countries.
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