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Enterprise Audits and Blockchain Technology

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  • Yang Dong
  • Haiying Pan

Abstract

Blockchain technology has become more common in the audit industry, posing new problems for traditional audit work. Researchers have been studying the effect of customers’ use of blockchain technology on audits, especially on audit risk and audit methods. This paper examines audit cases of Chinese enterprises that use blockchain technology. It analyzes the effect of the use of blockchain technology on the audit and the new audit problems. It also examines an Australian blockchain audit case using a questionnaire. This case study showed that the application of new technologies to the audit industry may lead to increased inherent risks and control risks. The audit methodology is uncertain and there are two possible approaches: (1) a combination of direct, indirect, account-level, and entity-level evidence and (2) an increase in indirect and entity-level evidence. This paper puts forward the reference case of the Australian blockchain audit experience and suggestions for developing blockchain audits in China.

Suggested Citation

  • Yang Dong & Haiying Pan, 2023. "Enterprise Audits and Blockchain Technology," SAGE Open, , vol. 13(4), pages 21582440231, December.
    • Handle: RePEc:sae:sagope:v:13:y:2023:i:4:p:21582440231218839
    DOI: 10.1177/21582440231218839
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    References listed on IDEAS

    as
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    3. Mohammad Najjar & Ihab H. Alsurakji & Amjad El-Qanni & Abdulnaser I. Nour, 2023. "The role of blockchain technology in the integration of sustainability practices across multi-tier supply networks: implications and potential complexities," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 13(1), pages 744-762, January.
    4. Donghee Shin & William T. Bianco, 2020. "In Blockchain We Trust: Does Blockchain Itself Generate Trust?," Social Science Quarterly, Southwestern Social Science Association, vol. 101(7), pages 2522-2538, December.
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