The impact of digital procedures of accounting and auditing on tax collection efficiency

Abstract

Abstract. In the past, auditors would review financial statements and other documents at the conclusion of an accounting period as part of their routine auditing activity. Nonetheless, because of the availability of real-time data and sophisticated monitoring methods in the digital age, auditors may do continuous auditing. Continuous auditing allows auditors to spot irregularities or possible hazards as they arise by continuously monitoring financial transactions. Using technology, auditors can improve internal controls, give prompt feedback, and proactively reduce risks. Thus, the purpose of current study is to examine the digital procedures accounting and auditing on tax collection efficiency. The study uses the quantitative approach via survey 150 usable data based on tax inspectors of Tax Authority in Oman. The hypotheses of the present study utilized its variables via using Smart-PLS statistical instruments. The findings revealed digital procedures accounting and auditing has a significant and positive influence on tax collection efficiency in Omani Tax Authority. The model of the current study might be beneficial to realize digital factors to growth the effectiveness of tax collection. For auditors, the digital era has created a world of opportunities that allow them to provide their clients with more efficiency, accuracy, and value. Through continuous auditing and data analytic, auditors can find valuable insights, minimize risks, and optimize their procedures. However, auditors need to keep up with these technical developments, update their knowledge, and keep a close eye on how the digital world is changing.