The Potential Impact of Blockchain Technology on Audit Practice

Based on our findings, three hypotheses have emerged. First, the potential effect of blockchain on the profession is not fully anticipated.

Blockchain Technology and Its Potential Impact on the Audit and ...

CPA auditors practice under strict regulations, professional codes of conduct and auditing standards, and are independent of the entities they audit. They apply ...

Blockchain is also expected to reduce reliance on auditing for testing financial transactions providing an "automated third-party verification" (Spoke, 2015).

The Impact of Blockchain Technology in Auditing | Deloitte US

For example, natural language processing is already being augmented with machine learning so that a system can be “trained” on legal contracts and documents― ...

Blockchain technology and its potential impact on the audit and ...

Just as the audit and assurance profession is evolving today, with audit innovations in automation, artificial intelligence and data analytics, blockchain ...

How Blockchain Innovation could affect the Audit Profession - Cairn

They showed that the audit blockchain, using financial and non-financial data, has the potential to improve audit quality and reduce the expectation gap between ...

The six impacts of blockchain on the auditing profession - NEOMA

On the basis of a qualitative study conducted with a sample of auditors involved in this technology in the “big four,” which refers to the four ...

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Blockchain, accounting and audit: What accountants need to know ...

Because every transaction is recorded and verified, the integrity of financial records is guaranteed. While impressive, this technology has the potential to ...

The future is calling: blockchain's impact on the accounting profession

Automation of processes: Blockchain technology can automate many processes and reduce the need for manual work, which could lead to increased ...

(PDF) The Impact of Blockchain Technology on Audit Process Quality

Further adding blockchain for audit-ability saves times in classical audit tasks such as verification of paper proofs, confirmation and ...

THE IMPACT OF BLOCKCHAIN TECHNOLOGY ON AUDIT ...

The study concluded that Blockchain Technology can make a change in current auditing practices, which leads to a more accurate and timely ...

Assessing the Impact of Blockchain Technology on Financial ...

This study explores the various ramifications of blockchain adoption in accounting, concentrating on how it affects regulatory compliance, audit trail ...

How Blockchain Is Transforming Accounting & Auditing [2024]?

Blockchain technology offers significant opportunities to enhance auditing practices, making the process more efficient, transparent, and ...

Impacts of Blockchain on the Auditing Profession - ISACA

Once a transaction is recorded on blockchain, it cannot be changed or canceled, which makes this technology both accurate and secure. from an ...

Impacts of Blockchain on Accounting in the Business - Sage Journals

Using blockchain can clearly locate ownership of assets and obligations over liabilities, while significantly increasing accountants' efficiency ...

How Will Blockchain Technology Impact Auditing and Accounting

In addition, blockchain will surpass the traditional audit sampling process, and allow continuous audits for any “on-chain” transactions in any specific period.

(PDF) Assessing the Impact of Blockchain Technology on Financial ...

This study explores the various ramifications of blockchain adoption in accounting, concentrating on how it affects regulatory compliance, audit trail ...

Blockchain's Impact on Accounting and Auditing Practices - MDPI

Recent studies [52,53] suggest that blockchain implementation can enhance the speed and effectiveness of auditing procedures. By providing a permanent and ...

The potential impact of blockchain technology on audit practice

In today's debate on the potential disruptive effects of blockchain, audit and control professions are rarely in the spotlight although applications such as ...