 Fraud prevention and detection in a blockchain technology environment: challenges posed to forensic accountantsMusbaudeen Titilope Oladejo and Lisa Jack International Journal of Economics and Accounting, 2020, vol. 9, issue 4, 315-335 Abstract: This paper set out to explore the challenges posed by blockchain to forensic accountants in the prevention and detection of fraud. Blockchain will create a decentralised environment where transactions and data have no third-party control. This technology is capable of disrupting accounting and audit because it is capable of automating financial records and audit processes. The fraud analysis in a digital environment is complex and the evolution of new technologies or innovations such as blockchain, artificial intelligence, and robotics have added to these challenges. The framework for analysis adopted is a qualitative study using the library research methodology. The findings portray that blockchain technology is not 100% flawless, impenetrable to malicious attacks and hacking. The results of the study found that technology will affect the core functions of accountants, but the overall effects on the roles of forensic accountants and auditors are still unknown. Keywords: blockchain; fraud; fraud prevention and detection; data mining; forensic accounting skills; audit; digital age. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:ijecac:v:9:y:2020:i:4:p:315-335 Access Statistics for this article More articles in International Journal of Economics and Accounting from Inderscience Enterprises Ltd |
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