TRANSFORMATION OF ACCOUNTING AND AUDITING IN THE DIGITAL ECONOMY: CHALLENGES AND OPPORTUNITIES FOR FINANCIAL QUALITY OF LIFE IN THE REPUBLIC OF KAZAKHSTAN

Abstract

The digital revolution is impacting the field of accounting and auditing in the Republic of Kazakhstan, shaping entirely new perspectives and challenges for the financial quality of life. This article explores the impact of digital transformations on accounting and auditing and evaluates the opportunities and difficulties that arise in this context. In the field of accounting, modern technologies and automation enhance the accuracy and speed of financial data processing. Blockchain and cryptocurrencies provide more transparent mechanisms for recording and secure financial transactions. Auditor analytics and artificial intelligence have become key tools for deeper analysis of financial data and risk identification. However, cybersecurity is becoming more critical considering digital changes. Digital innovations also contribute to sustainable development, improved access to financial services, and the development of financial literacy. This article emphasizes the importance of balancing digital innovations with data security and underscores the key role of digital transformation in enhancing the financial quality of life for the citizens of Kazakhstan.