How Will Blockchain Affect Auditing In The Future?

Last Updated on December 18, 2023 by Paganoto

Blockchain Technology and Its Potential Impact on the Audit …

Widespread blockchain adoption may enable central locations to obtain audit data, and CPA auditors may develop procedures to obtain audit evidence directly from blockchains. However, even for such transactions, the CPA auditor needs to consider the risk that the information is inaccurate due to error or fraud.

Blockchain and its potential impact on the audit profession

However, in the immediate future, blockchain technology will not replace financial reporting and financial statement auditing. Financial statements reflect …

Blockchain: A game changer for audit processes? – Deloitte

The days of sample based substantive testing will soon be challenged, as auditors will resort to blockchain technology to test the whole population of …

How Blockchain Innovation could affect the Audit Profession

by N Elommal · 2022 · Cited by 5 — As all the information stored on a blockchain is available, the auditors will be able to access all information without having to request and wait for the …

How blockchain technology will affect the audit – RSM US

Blockchain technology is still in its nascent stages but it holds tremendous opportunities. The technology platform has the potential to …

Impacts of Blockchain on the Auditing Profession – ISACA

by N Brender · 2018 · Cited by 9 — Thanks to its characteristics, the use of blockchain will make it possible to automate audit tests, or at least facilitate them, thus reducing …

How Blockchain Will Impact The Auditing World?

When it comes to Blockchain application in auditing, then it has the potential to increase the accounting profession by cutting down the cost of …

How Will Blockchain Technology Impact Auditing and …

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

Blockchain and the future of accountancy – ICAEW.com

Blockchain has applications in external audit. Performing confirmations of a company’s financial status would be less necessary if some or all of the …

How blockchain might affect audit and assurance

But the report says migration to the blockchain might enable CPA auditors to streamline the audit process. With access to real-time data, CPA …

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