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Liburkina L. M.

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The Impact of Digitalization of Accounting Processes and Digital Audit on the Efficiency of Insurance Financial Instruments
Kulyk R. R., Novak Y. R., Punda A. V.

Kulyk, Roman R., Novak, Yuliia R., and Punda, Anastasiia V. (2025) “The Impact of Digitalization of Accounting Processes and Digital Audit on the Efficiency of Insurance Financial Instruments.” Business Inform 12:45–45.
https://doi.org/10.32983/2222-4459-2025-12-45-45

Section: Finance, Money Circulation and Credit

Article is written in Ukrainian
Downloads/views: 0

UDC 004.738.5:657.4:368

Abstract:
The article examines how digitalization is gradually changing traditional approaches to organizing accounting, control, and analysis of insurance companies’ activities, creating new requirements for information quality, processing speed, and the transparency of financial operations. In these conditions, accounting processes no longer serve solely a recording function but acquire strategic importance for managing insurance financial instruments. The article also notes that audit plays a crucial role in ensuring the reliability and trustworthiness of financial information, transforming into a qualitatively new control tool in a digital environment. The use of automated data processing systems, analytical platforms, artificial intelligence elements, and continuous monitoring of financial indicators is transforming auditing approaches, expanding their functional capabilities, and influencing the efficiency of managing insurance reserves, premiums, and payouts. Digital auditing becomes not only a tool for verification but also a crucial element in enhancing the financial stability of insurance companies. Therefore, the aim of this study is to determine the specific impact of digitalizing accounting processes and digital auditing on the efficiency of insurance financial instruments. The main methods used are logical reasoning, analysis and synthesis, induction and deduction, generalization, comparison, and graphical-tabular methods. Automation of accounting, integration of information systems, and the use of analytical digital solutions provide a higher level of financial data accuracy, which directly affects the quality of managing insurance reserves, pricing policies, and money flows of insurance companies. Digital auditing facilitates the transformation of control functions, shifting the focus from retrospective checks to preventive analysis and continuous monitoring of financial operations. The efficiency of digital solutions in accounting and auditing largely depends on the level of methodological support, staff adaptation, and the alignment of digital tools with the specifics of the insurance business.

Keywords: accounting, auditing, digitalization, digital technologies in auditing, financial instruments, insurance, efficiency, accounting processes, digital technologies, digital economy, efficiency of financial instruments, risks, risk insurance.

Tabl.: 3. Bibl.: 19.

Kulyk Roman R. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Auditing, West Ukrainian National University (11 Lvivska Str., Ternopil, 46009, Ukraine)
Email: [email protected]
Novak Yuliia R. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of International Tourism and Hotel and Restaurant Business, West Ukrainian National University (11 Lvivska Str., Ternopil, 46009, Ukraine)
Email: [email protected]
Punda Anastasiia V. – Candidate of Sciences (Public Administration), Associate Professor, Department of Auditing, West Ukrainian National University (11 Lvivska Str., Ternopil, 46009, Ukraine)
Email: [email protected]

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