The role of blockchain and corporate governance in financial reporting quality- a systematic literature review

Purpose: This study aims to explore the role of blockchain and corporate governance in enhancing financial reporting quality using a Systematic Literature Review (SLR) approach. Methodology/approach: The analysis was conducted on 36 articles from the Scopus database relevant to blockchain and corporate governance topics, employing the PRISMA method. Findings: The results show that blockchain improves transparency, security, and efficiency in financial reporting through decentralized and immutable record-keeping. Strong corporate governance, characterized by board diversity, independent audit committees, and the adoption of international accounting standards, contributes to the accuracy and reliability of financial reports. The synergy between blockchain and corporate governance creates a more transparent and accountable reporting system. Practical and Theoretical Contribution/Originality: This research provides important insights for policy makers and practitioners to integrate blockchain technology and corporate governance to improve the quality of financial reporting. Research Limitation: This research utilizes literature from various countries and industries, so the findings do not consider how differences in regulations and policies in various countries may affect the effectiveness of blockchain implementation in corporate governance.