UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 5 Issue 8
August-2018
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR1808721


Registration ID:
187387

Page Number

561-563

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Title

Blockchain based Auditing

Abstract

: Blockchain Technology has been in news for quite some time and its disruptive capabilities are widely discussed. There are many business processes that will undergo radical changes and Accounting is one of them. Current accounting processes rely more on controls, checks and balances and auditing also heavily relies on extensive document verification, validation and reconciliation. Auditors are mostly occupied with routine work with little time to spend on value adding activities. Blockchain Technology with its offering of transparency, immutability of records, security and digital capability can revolutionize the way accounting and auditing are done currently. There is a lot of scope for automation in Blockchain using its application called ‘Smart Forms’ which can do monitoring and leaving to do meaningful work for Auditors. Like any new technology, Blockchain also comes with some challenges related to risk management, governance and legal framework. Blockchain Technology is in evolving stage and in due course these issues will be mitigated

Key Words

Bloachain, Distributed ledger, auditing

Cite This Article

"Blockchain based Auditing", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 8, page no.561-563, August-2018, Available :http://www.jetir.org/papers/JETIR1808721.pdf

ISSN


2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"Blockchain based Auditing", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 8, page no. pp561-563, August-2018, Available at : http://www.jetir.org/papers/JETIR1808721.pdf

Publication Details

Published Paper ID: JETIR1808721
Registration ID: 187387
Published In: Volume 5 | Issue 8 | Year August-2018
DOI (Digital Object Identifier):
Page No: 561-563
Country: Hyderabad, Telangana, India .
Area: Management
ISSN Number: 2349-5162
Publisher: IJ Publication


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