Revolutionizing internal auditing: harnessing the power of blockchain

【Author】 Wu, Hua Ping; Liu, Zi Hao; Dong, Hong Yu; Lu, Yang; Xu, Li Da

【Source】ENTERPRISE INFORMATION SYSTEMS

【影响因子】4.407

【Abstract】Blockchain technology offers new opportunities for enhancing accounting and auditing, particularly in dynamic, intelligent internal auditing. This paper analyzes blockchain integration with internal auditing, designing smart contract-based algorithms for identity management, data collection, auditing calculations, analysis, and storage. A real-time auditing model using smart contracts is proposed, with a carbon emissions audit used to demonstrate its effectiveness. Results show the model enhances auditing performance in terms of intelligence, independence, efficiency, and quality. This study is a valuable attempt to illustrate how blockchain can empower auditing and create value.

【Keywords】Internal auditing; blockchain; smart contract; carbon emission

【发表时间】2025 2025 JAN 4

【收录时间】2025-02-05

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