Public Policy and Accounting

Blockchain in the New Era of Accounting: A PRISMA-Guided Review on Trends and Future Prospects

Georgios Kampiotis, Georgios L. Thanasas, Mykola Gorodyskiy, Oleksandr Bereznyi — Fri, 19 Dec 2025 00:00:00 +0200

This review synthesizes recent scholarships at the intersection of digital accounting and blockchain, examining how their integration reshapes financial reporting, auditing, and organizational performance. Following PRISMA 2020, we screen and analyze peer-reviewed studies published from 2023 through July 2025 across leading databases. Evidence indicates that digital accounting—driven by blockchain, artificial intelligence, cloud platforms, and robotic process automation—improves data accuracy, process efficiency, transparency, and fraud deterrence, enabling timelier, decision-useful information. At the same time, adoption is constrained by cybersecurity exposure, high implementation and maintenance costs, talent shortages, and change resistance. The literature also documents role reconfiguration: accountants are shifting from transactional data entry toward analytical, assurance, and advisory functions. Outcomes, however, are heterogeneous across regions and industries, reflecting differences in regulation, digital infrastructure, and organizational readiness. We conclude by outlining a research agenda on ethical governance and accountability, policy and standard-setting implications, curriculum and workforce development, and cross-cultural adoption dynamics to support sustainable, trustworthy digital transformation in accounting and auditing.

Regulatory and legal support for the implementation of the business partnership mechanism as a basis for analyzing the functioning of such a mechanism

Svitlana Svirko — Fri, 19 Dec 2025 00:00:00 +0200

At the current stage of development of economic relations, business partnership is one of the productive forms of cooperation in the economic life of any country. The purpose of the article was to study the regulatory and legal support for the implementation of the business partnership mechanism as a whole and in the context of cooperation between the state and business and the formation of proposals for its improvement. To realize the specified goal and achieve scientifically based results in the research process, general scientific and specific methods of knowledge of phenomena and processes were applied in the context of the object-subject base of research, in particular: analysis and synthesis, induction and deduction, logical-structural, comparative analysis, generalization, modeling. The characteristics of the provisions of the Constitution of Ukraine, the Civil and Economic Tax Codes, the new Law of Ukraine «On the peculiarities of the regulation of the activities of legal entities of individual organizational and legal forms in the transitional period and associations of legal entities» are given, and conclusions are made about significant gaps in such legislation, excluding a separate type of business partnership - public-private partnership. The structure of the Laws of Ukraine «On Public-Private Partnership» (2010) and «On Public-Private Partnership» (2025) was analyzed in the context of their substantive provisions. Approaches to the analysis of the effectiveness of the implementation of public-private partnership, established by legislation, were developed and their extrapolation to the entire sphere of business partnership was motivated. The formation of a separate regulation on business partnership, as well as the methodology of the effectiveness of business partnership as the basis of methodical support for the analysis of business partnership, is substantiated.

Institutional maturity of state authority bodies as a prerequisite for the successful implementation of KPI: author's assessment model and development directions for Ukraine

Hryhorii Dziuba — Fri, 19 Dec 2025 00:00:00 +0200

The article focuses on implementing key performance indicators (KPIs) in Ukrainian public authorities amid wartime conditions and European integration. The starting point is a «pilot» legislative case—the draft amendments to the Customs Code on assessing the efficiency and effectiveness of customs authorities (first reading on 17 December 2025), which for the first time at the statutory level sets requirements for indicators and proposes specific KPIs. The article argues that the value of KPIs depends less on the precision of their wording than on an institution’s maturity: its ability to set objectives in the logic of policies and services, sustain the «planning–monitoring–adjustment» cycle through data and analytics, ensure process continuity, accountability, and organizational learning.The argument builds on a comparative analysis of OECD and World Bank approaches, a synthesis of maturity/capability models, and an assessment of the risks of formalization and»gaming the metrics». The author proposes a five-level model of institutional maturity for KPI implementation (from a formal-declarative level to adaptive, dynamic KPIs) that integrates results accountability, process discipline, data governance and analytics, digital integration, and a culture of learning and adaptability. A diagnostic methodology is developed across five domains (digital infrastructure, quality of management data, staff competencies; integration of KPIs into management cycles, sustainability of strategic planning), with evidence-gathering tools including surveys, interviews, document and regulatory analysis, and audits of processes and IT systems. A demonstrative application using examples from customs, the tax service, CNAPs, and regulatory bodies identifies typical barriers to progressing between levels (data culture, staffing shortages, a fragmented IT landscape, and gaps between strategy and budgeting). The article concludes that increasing institutional maturity is a prerequisite for valid KPIs and their real influence on decisions and resource allocation, when the model can serve as a diagnostic tool and as a basis for roadmaps to strengthen institutional capacity.