The role of blockchain in auditing processes: A review and future perspectives

Abstract

This review paper critically examines the transformative impact of blockchain technology on auditing processes. Through a comprehensive analysis of existing literature, it elucidates how blockchain can enhance audit quality, mitigate fraud, ensure data veracity, and navigate the complex landscape of regulatory compliance and ethical considerations. The review highlights the early stages of blockchain adoption in auditing and the evolving nature of the technology, emphasizing the need for further empirical research and case studies. It also underscores the importance of regulators, auditors, and technology experts collaborating to develop comprehensive guidelines and standards for responsible blockchain integration. The paper contributes to the academic discourse by bridging the gap between traditional auditing methodologies and the emerging blockchain paradigm, offering valuable insights for auditors, regulatory bodies, policymakers, and organizations.