The Impact of Metaverse on the Quality of Financial Reporting: Evidence from Egypt
DOI:
https://doi.org/10.56830/IJAMS04202503Keywords:
Metaverse, Financial Reporting Quality, Fourth Industrial Technologies, Metaverse Layers.Abstract
The main objective of the current study is to discuss and empirically examine the impact of Metaverse on the quality of financial reporting in the Egyptian environment. Moreover, this study addresses Metaverse as one of the most important technologies that could be used to enhance the financial reporting process. A Field study was conducted on a selected sample of academics, AI assistants, professional accountants, and IT specialists in the Egyptian environment. The questionnaire was sent to 215 respondents while only 200 valid responses were received. The researchers also used a Metaverse platform based on blockchain which is called Spatial.io to immerse respondents in Metaverse experience. The field study concluded that using Metaverse tools has a positive impact on the quality of financial reports by improving the quality of accounting information represented in (relevance, reliability, comparability, and timeliness) of accounting information. The study provides new insights into the association of Metaverse technologies of AI initiatives with various qualitative characteristics of financial information in an emerging country, namely Egypt; and it also provides a foundation for further academic research in the field.
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