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About The Impact of Blockchain Technology On Business Financial Audito
This document summarizes a thesis that examines the potential impact of blockchain technology on businesses, financial auditors, and accounting professionals. The thesis conducts qualitative research through a literature review of accounting journals and firm whitepapers on blockchain, as well as interviews with accounting professionals and academics. The research finds that blockchain is predicted to significantly impact industries within the next five years by revolutionizing business transactions. Accounting firms are beginning to experiment with and train staff on blockchain, while businesses are seeking ways to integrate the technology. There are no global standards yet for blockchain use, allowing for rapid software innovation, but this also creates uncertainty. The accounting profession must adapt to incorporate emerging blockchain applications.
Detailed Information
| Author: | ['Ian Kwepu'] |
|---|---|
| Publication Year: | 2024 |
| Pages: | 57 |
| Language: | English |
| Format: | |
| Price: | FREE |
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