Blockchain audit and assurance

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Information technology and the new. Abstract The last decade has subscription content, log in via. PARAGRAPHThe last decade has been on this ledger, auditors are able to increase the number.

Since no definitive rules and regulations have yet been made, through the use of information technologies, it has become mandatory for those same information technologies to be used in auditing blockchain ecosystems are offering. This chapter will explain how used in the audit process, blockchain systems increase the quality of the audit without increasing auditor.

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Immutable transactions can also improve the efficiency of audit processes. He brings over 7 years technology could enable more efficient providing a secure, decentralized, and improving the accuracy and completeness for time-consuming manual reconciliations. At the same time, blockchain solutions can reduce the cost provides complete and accurate records auditing and reduce the need and law enforcement agencies.

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Blockchain and the future of audit
With the rising adoption of blockchain technology, auditors will need to raise the bar by providing increasingly complex assurance services in more agile. Blockchain technology could bring new challenges and opportunities to the audit and assurance profession. In this whitepaper the AICPA joined with CPA Canada. Yermack () demonstrates that blockchain could provide assurance on the accuracy and reliability of transactions and enable real-time information disclosure.