NONE 20260617121617084 wseas/wseas content-registration-form@crossref.org content-registration-form Financial Engineering 2945-1140 Spiridon Ntinos Department of Accounting and Finance University of West Attica Petrou Ralli & Thivon, 12244 Attiki GREECE Georgios Angelidis Department of Economics Aristotle University of Thessaloniki 54124 Thessaloniki GREECE The pervasive differences and inconsistencies within global accounting standards present formidable hurdles for multinational companies, investors and stakeholders on a global scale. This study proposes using advanced technologies to address these challenges. First, it proposes standardized reporting templates compatible with GAAP (Generally Accepted Accounting Principles) and IFRS (International Financial Reporting Standards), streamlining financial reporting and enhancing international comparability. It also explores blockchain technology for creating immutable, transparent, and auditable financial records, promoting trust and reducing manipulation. The analysis indicates that the adoption of standardized reporting templates compatible with GAAP and IFRS, complemented by AI-assisted compliance monitoring and blockchain-based recordkeeping, is associated with measurable improvements in financial reporting accuracy, reporting timeliness, and disclosure consistency, as evaluated through comparative indicators and statistical validation. Addressing global accounting standards convergence challenges requires technology integration, regulatory reforms, education, and stakeholder collaboration. 06 17 2026 06 17 2026 38 4 https://creativecommons.org/licenses/by/4.0/deed.en_US 10.37394/232032.2026.4.4 https://wseas.com/journals/fe/2026/a08fe-004(2026).pdf Tipalti, "Accounting problems: Top issues in accounting," Tipalti, n.d. 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