Unlocking Trust: Blockchain’s Role in Auditing and Assurance

Associate Professor Dr. Abdul Haleem Quraishi; Associate Professor Dr. Sree Krishna K S

Unlocking Trust: Blockchain’s Role in Auditing and Assurance

Author : Associate Professor Dr. Abdul Haleem Quraishi, Associate Professor Dr. Sree Krishna K S Journa Name: INTERNATIONAL JOURNAL OF SCIENTIFIC RESEARCH AND ENGINEERING TRENDS Country : India Volume: 10 issue: 3 Year: 2024 Views : 527

Abstract:

In the contemporary landscape of rapidly evolving digital transactions and complex financial ecosystems, the need for transparent, secure, and efficient auditing and assurance practices has become paramount. Blockchain technology, renowned for its immutable ledger and decentralized architecture, emerges as a transformative force in redefining trust within auditing and assurance processes. This study explores the potential of blockchain technology in the field of auditing. By examining existing literature and conducting empirical research, it aims to identify how blockchain can enhance the transparency, efficiency, and reliability of auditing processes. The study highlights current applications, challenges, and future prospects of blockchain in auditing, providing valuable insights for auditors, regulators, and policymakers.