How Will Blockchain Affect Audits

Last Updated on December 13, 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: A game changer for audit processes? – Deloitte

What opportunities does blockchain bring to the audit process? … By design, blockchains are inherently resistant to modification of any stored data.

Blockchain and its potential impact on the audit profession

Blockchain is already impacting CPA auditors of those organizations using blockchain to record transactions and the rate of adoption is expected to continue to …

How blockchain technology will affect the audit – RSM US

The transparency that blockchain provides requires a fundamental shift in how we think about auditing. A blockchain has the ability to record …

How Blockchain Innovation could affect the Audit Profession

by N Elommal · 2022 · Cited by 5 — Blockchain, associated with other digital technologies, could change the audit process by modifying the way in which the auditor accesses data, collects …

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 …

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 the duration of …

Implications of Blockchain on the Audit – The CPA Journal

One challenge is that the guidance for SOC examinations, according to Brown, “leaves a lot of professional judgment to the service auditors.” …

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 …

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 …

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Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.