After the Internet, blockchain technology has become a key factor in creative and innovative ideas and solutions in the financial sector due to its wide application potential and its numerous implementations. The advent of blockchain creates new opportunities and challe
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After the Internet, blockchain technology has become a key factor in creative and innovative ideas and solutions in the financial sector due to its wide application potential and its numerous implementations. The advent of blockchain creates new opportunities and challenges for ongoing auditing and real-time accounting. Blockchain, as a digital ledger in accounting and a large database for recording and processing decentralized distributed Internet-based data and peer-to-peer interactive networks, is based on consensus; which is accompanied by an innovative approach to business models, intermediaries, and stakeholders; but in many centers it is still shrouded in mystery. Therefore, considering the impact of the environment on accounting and auditing as well as the increasing development of technology, this research with a library method and with practical purposes to identify, promote and use blockchain technology, to describe and examine the features, benefits, applications, and limitations Blockchain technology and its effects on the accounting and auditing profession.
The results of this study highlight the necessity, importance, impact and position of blockchain technology in the accounting and auditing profession due to the characteristics of this technology such as greater information transparency, disclosure, timeliness, reliability, cost-effectiveness, flexibility, risk reduction, elimination of intermediaries, Demonstrates easy and fast access, and immutability of information.
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