Insurance or Assurance? Equilibrium for Insurtech Perspectives in Accounting Organizations: an Empirical Examining of IFRS 17 Transition

The reporting and organizational settings of accounting activities are changing due to the advent of new Insurtech technologies in our daily life and the business environment. In particular, new technologies provide new opportunities for the development and improvement of the accounting organizational structure in “Insurance” and “Reinsurance” enterprises. This paper shows the results of a research study whose main objectives have been to understand the way and the extent of dependence and consideration the directors of internal audit departments and the partners in external audit firms have of each other on using block-chain as assurance tool; and the research is focused on companies that have adopted IFRS 17. The work done is interested in the role of new technologies on audit quality and in whether this relationship is moderated by switching to IFRS 17 or not. Equivalently, the paper is interested in determining whether companies that move to IFRS 17 have better audit quality and whether this report is moderated by the use of blockchain and DeFi technology. This report presents new opportunities related to artificial intelligence technologies for managing accounting documents, providing accounting services, and risk management of Decentralized Finance (DeFi).