Digital Transformation, Blockchain, Impact on the Quality of Financial Reporting and Corporate Governance

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DOI: https://doi.org/10.28924/2291-8639-23-2025-166
Published: Jul 16, 2025
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Hassnain Kadhem Al-Shahamani, Alaa Abdulzahra Obaid, Yasir Sahib Malik, Ghazwan Ayad Khalid Al-Shiblawi, Salwan Kadhim Ojah, Digital Transformation, Blockchain, Impact on the Quality of Financial Reporting and Corporate Governance, Int. J. Anal. Appl., 23 (2025), 166.

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Hassnain Kadhem Al-Shahamani, Alaa Abdulzahra Obaid, Yasir Sahib Malik, Ghazwan Ayad Khalid Al-Shiblawi, Salwan Kadhim Ojah

Abstract

The biggest challenges facing accountants in the modern business world are digital transformation and the ambiguous data environment. When we combine these issues with the significance of corporate governance and its function in improving the caliber of financial reporting, the effect is immediately felt at the heart of accounting work. This study aims to investigate how blockchain technology and digital transformation can enhance the quality of financial reports and the effectiveness of corporate governance in the global business environment, particularly in Iraq. The researchers examined a variety of hypotheses in the research community, which is represented by Iraq's private banking industry, to meet the study's goal. A survey was created by the researchers and given to 136 bank workers who were chosen at random. This study used the partial least squares method for structural equation modeling and the SmartPLS3 application for descriptive statistical analysis. The findings showed that the quality of financial reports and the efficiency of corporate governance in Iraqi banks are significantly enhanced by new financial technologies like blockchain technology. These banks need to do more research and analysis on this technology, which is still showing promise.

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