Introduction

Wiehann Olivier () and Pieter Buys ()
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Wiehann Olivier: North-West University & Forvis Mazars South Africa, Applied Research in Management Cybernetics
Pieter Buys: North-West University, Applied Research in Management Cybernetics

Chapter Chapter 1 in Auditing Bitcoin, 2026, pp 1-15 from Springer

Abstract: Abstract This book centers on the transformative impact of blockchain technology, extending beyond cryptocurrencies to reshape financial systems and integrate them into diverse commercial applications. It focuses on developing a Bitcoin Audit Framework (BTC_AF) to address the complexities of auditing bitcoin-associated balances and transactions. Employing a design science methodology, this chapter highlights key challenges faced by financial auditors, including private key management, fraud risks, regulatory compliance, and verifying the existence and ownership of blockchain-based digital assets. Grounded in International Standards on Auditing (ISA), the envisaged framework will aim to enhance transparency and stakeholder confidence in digital asset-related operations. The global evolution of blockchain technologies and their native and non-native assets will be explored, highlighting their implications for audit processes, regulatory oversight, and financial reporting. By offering a validated and actionable framework, the envisaged BTC_AF will contribute to improved audit quality and support the responsible integration of blockchain-based digital assets into traditional financial practices.

Keywords: Auditing; Bitcoin; Blockchain technology; Cryptocurrencies; Design science; Digital assets (search for similar items in EconPapers)
JEL-codes: M15 M42 O31 O33 (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-95-5775-2_1

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DOI: 10.1007/978-981-95-5775-2_1

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