Accounting, Auditing in Industrial Revolution 4.0

Overview of the evolution of industrial revolutions in history:

The first industrial revolution: 18-19 century 

Since the first industrial revolution, from the 18th-19th centuries in Europe and America. It was a period when most rural agrarian societies were urbanized and industrialized: The iron and textile industries flourished, along with the development of the steam engine.

The second industrial revolution: time from 1870 - 1914:

Characterized by the growth of the existing industry and the expansion of new industries such as steel, oil, and electricity, electricity was used for mass production, advances during this period included telephones, light bulbs, etc., and internal combustion engines.
3rd industrial revolution: time from 1980 to present, ongoing.


The digital revolution, characterized by the advancement of technology from electrical equipment, mechanical equipment to digital technology is available today. Advances in the digital revolution include personal computers, the internet, and information and communication technologies.

4th industrial revolution: today

Industry 4.0 develops on the basis of the digital revolution, characterized by the development of new ways to make technology associated with society and people. Underpinning the revolution are advances in communication and connectivity, judged by several emerging technological breakthroughs in the areas of Robots, Artificial Intelligence, Quantum Computing, 3D printing, self-driving cars.

Accounting and auditing with the industrial revolution 4.0

Along with other countries in the world, Vietnam has been integrating into a free trade agreement, so it is necessary to proactively prepare the necessary foundations and access new technological achievements in today's era in order to soon achieve success. stated goals.

The industrial revolution 4.0 has started, so it is necessary to seize the opportunities and advantages as well as be aware of the difficulties and challenges of accounting and auditing in this 4.0 revolution. From there, clearly define the requirements and what to do in the field of accounting and auditing.


The requirements of digital accounting, as well as the requirements of regional and international financial and accounting integration, require proactive preparation, taking full advantage of the advantages as well as seeing the limitations and impacts. adverse action. Point out the main things that need to be implemented urgently, such as the need to soon change and unify the perception of the accounting and auditing function. To fundamentally and comprehensively renovate accounting and auditing processes.

Pay special attention to security and information safety in transactions and payments. Renovating the organization of the accounting apparatus, the quality of human resources, improving the quality of professional training in accounting, auditing, technology training, and combining accounting and auditing training with technology.