Engineering and Technology
| Open Access |
DOI: Blockchain Technology and Its Impact on Audit Efficiency
Aman Deep Singh , Independent Researcher, USAAbstract
This paper explores the transformative potential of blockchain technology within the field of auditing, focusing on its capacity to enhance efficiency, reliability, and trust in audit processes. By delving into the fundamental characteristics of blockchain—such as decentralization, immutability, transparency, and automation through smart contracts, the discussion highlights how these features can address longstanding challenges in traditional audit practices. The integration of blockchain promises to streamline audit workflows, provide real-time access to tamper-proof records, and reduce reliance on manual verification. Through examining both the theoretical foundations and practical implications, this work demonstrates that blockchain stands poised to revolutionize the future of auditing by delivering significant advancements in transparency, security, and operational effectiveness.
Keywords
Blockchain Technology, Auditing, Decentralization, Automation, Audit Workflows, Real-Time Access, Digital Transformation, Manual Verification Reduction
References
Proveai” The State of AI Adoption 2025” by Mrinal Manohar https://proveai.com/hubfs/Prove%20AI_Data%20Report_From%20Pilot%20to%20Production-The%20State%20of%20AI%20Adoption%202025.pdf?utm_campaign=ProveAI&utm_medium=email&_hsenc=p2ANqtz_a6mPhRKLu1vDMS9pKJeT7hvE3ocuD3PwjR7xfDyBQGCLiXqfns_EVOAuQBDZIhwCAD8xezHhZRbZYN753QyTkg_MuGA&_hsmi=366930007&utm_content=366930007&utm_source=hs_automation
Proveai” Everything You Ever Wanted to Know About Blockchain” by Casper Labs https://proveai.com/hubfs/Updated%20eBook/eBook_AboutBlockchain-ProveAI.pdf?utm_campaign=ProveAI&utm_medium=email&_hsenc=p2ANqtz--GLyhORYoXFR6B_YLE7ZYxHarTrKsaddoRHCZI-Dl7aeglhRtF6ydPVC5F7s8fRUbydIyCUs_y7rT160mh5ZK5Vi87kQ&_hsmi=330194669&utm_content=330194669&utm_source=hs_automation
SolutionsHub “What is Blockchain: Definition and Use Cases” published on October 13, 2021 What is Blockchain: Definition and Use cases
Tranquility “Blockchain Technology and Its Impacts on Audit & Assurance” published on October 18, 2024 Blockchain Technology and Its Impacts on Audit & Assurance ›
CPA Journal “An Introduction to Blockchain” by Geraldo Vasquez on December 2021 ICYMI | An Introduction to Blockchain - The CPA Journal
Deloitte “The impact of blockchain technology on audit” by Jon Raphael and Amy Steele us-audit-transformation-and-opportunities-in-cognitive-blockchain-and-talent.pdf
Download and View Statistics
Copyright License
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain the copyright of their manuscripts, and all Open Access articles are disseminated under the terms of the Creative Commons Attribution License 4.0 (CC-BY), which licenses unrestricted use, distribution, and reproduction in any medium, provided that the original work is appropriately cited. The use of general descriptive names, trade names, trademarks, and so forth in this publication, even if not specifically identified, does not imply that these names are not protected by the relevant laws and regulations.