Importance of accounting in the internet of things [Importancia de la contabilidad en el internet de las cosas]

Abstract

Accounting in the IoT era has also improved regulatory compliance by providing more accurate and detailed data for financial reporting and audits. Automated records and improved traceability simplify audits and ensure compliance with tax and accounting regulations. Accounting has therefore undergone a radical transformation in the era of the Internet of Things, with a range of benefits from more efficient data collection to more informed and accurate strategic decision making. These advances not only improve the efficiency and profitability of businesses, but also empower accountants with unprecedented tools to meet the challenges of the modern business world.