The Impact of Financial Technologies on Digital Transformation of Accounting, Audit and Financial Reporting

FinTech is a combination of Finance and Technology which involves use modern smart technology like big data analytics, cloud computing, artificial intelligence, machine learning, robotics, for doing finance. Financial development has influenced nearly all financial services industry, from granting to insurance, accounting consultancy, consumer finance investment banking. As result digital transformation, preparation XBRL-based structured Reports, block-chain trading, new assets, cryptocurrency assigned more strategic functions accountants, while simultaneously supported the auditing reduce risk at minimum level. In order obtain or retain competitive advantage it essential invest money, time into implementing in innovations. A system part basic infrastructure now. When entire business model changes so do change ways accounting, reporting that are inevitable components business. The integration technologies finances, enabled professionals achieve greater efficiency, work speed, transparency. Keywords: technologies; Digital Accounting IFRS; Cryptocurrency; Blockchain; XBRL-standard; Audit; Reporting;