The Adoption of Digital Ledger Technology for Instant Auditing and Accurate Financial Reporting in Accounting

Abstract

This study examines the adoption of Digital Ledger Technology (DLT) and its impact on the ‎accuracy of financial reporting and the efficiency of auditing processes within Jordanian ‎organizations. Using a quantitative research design, the study assesses how DLT enhances ‎financial data integrity and supports real-time auditing capabilities. Data were collected from ‎‎210 accounting and auditing professionals representing five major Jordanian institutions: the ‎Central Bank of Jordan, Jordan Customs Department, Arab Bank, Deloitte Jordan, and Ernst ‎& Young Jordan. A structured questionnaire served as the primary data collection instrument, ‎employing a five-point Likert scale to measure perceptions across key constructs related to ‎DLT adoption. To improve response rates, the questionnaire was distributed through both ‎physical and digital channels. Descriptive statistics were used to analyze demographic data, ‎while multiple regression and independent samples t-tests were applied to test the study’s ‎hypotheses. The results revealed a statistically significant and positive relationship between ‎DLT adoption and both the accuracy and reliability of financial reporting, as well as between ‎DLT utilization and enhanced auditing speed and efficiency. Regression analysis indicated that ‎DLT adoption accounted for 52% of the variance in financial reporting accuracy, while t-test ‎results confirmed significant differences between DLT-based and traditional auditing methods. ‎The study complied with ethical standards, ensuring confidentiality and voluntary ‎participation. Overall, the findings demonstrate that DLT plays a transformative role in ‎improving accounting and auditing practices within a developing economy context‎.