The Future of Audit: Literature Review of Possibilities of Automation and Blockchain Technology

Michal Šindelář () and Lukáš Dlask ()
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Michal Šindelář: University of Economics, Prague
Lukáš Dlask: University of Economics, Prague

A chapter in Digitalization in Finance and Accounting, 2021, pp 25-35 from Springer

Abstract: Abstract The aim of this paper is to analyze the possibilities of automation and Blockchain technology in audit. Blockchain has potential to develop new audit techniques and change the view on audit procedures. Otherwise, this new technology brings new risks that has to be solved with new audit procedures. The possibilities are presented on audit of revenues. One of the benefits of Blockchain and Smart contracts can be seen in automation of tests of controls. The greatest risk that evolves with Blockchain is to ensure the integrity of Blockchain.

Keywords: Smart audit procedures; Blockchain; Development of audit; Audit risks (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-55277-0_3

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DOI: 10.1007/978-3-030-55277-0_3

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