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Can I read Client use of blockchain technology: exploring its (potential) impact on financial statement audits of Australian accounting firms on EtoBox?
Client use of blockchain technology: exploring its (potential) impact on financial statement audits of Australian accounting firms by Maria Cadiz Dyball; Ravi Seethamraju is a Business, Management and Accounting article available to read on EtoBox.
What is Client use of blockchain technology: exploring its (potential) impact on financial statement audits of Australian accounting firms about?
## Purpose The paper reports on a study that investigated the (potential) impact of client use of blockchain technology on financial statement audits of Australian accounting firms. ## Design/methodology/approach Data were primarily collected from semi-structured interviews with a range of stakeholders including audit partners from first- and second-tier accounting firms in Australia. The interviews focused on the perceived (potential) impact of blockchain on the stages of obtain (retain) engagement, engagement planning, risk assessment, audit evidence and reporting of financial statement audits of clients that use blockchain technology. Perceptions of changes to financial statement audits were interpreted using the logics of professionalism and commercialism. ## Findings Australian accounting firms have either obtained or considered engagements with clients with a cryptocurrency business or that use a blockchain platform although they are a small group. There is a view that blockchain technology is distinctive and therefore poses risks not encountered before in audit engagements. These risks would most likely shift how firms plan, design audit methodologies and execute financial s
Who reads Client use of blockchain technology: exploring its (potential) impact on financial statement audits of Australian accounting firms?
It is typically read by researchers, students, and practitioners in Business, Management and Accounting.
- Author
- Maria Cadiz Dyball; Ravi Seethamraju
- Publisher
- Emerald
- Published
- 2021
- Language
- EN
- Field
- Business, Management and Accounting (Social Sciences)