The Effect of Blockchain on Audit Procedures Planning - A Field Study in Saudi Environment
جاري التحميل...
التاريخ
عنوان الدورية
ردمد الدورية
عنوان المجلد
الناشر
International Journal of Social Science and Economic Research
خلاصة
The study aimed to test the impact of blockchain characteristics on audit procedures planning through a field study on a sample of 181 auditors of joint-stock companies in the Saudi professional practice context. The study concluded in its theoretical aspect that relying on blockchain contributes to increasing transparency and reliability; as it provides an accurate and tamper- proof record of all transactions, which increases the transparency and credibility of operations and reduces the risk of fraud. It improves the efficiency of audit processes; as the auditor can benefit from the data available on blockchain to reduce the time and effort required to implement audit procedures. It reduces costs; as it helps reduce audit costs by providing high quality data and automating some tasks. It enhances confidence in financial statements; as investors can trust more in the financial statements of companies that use blockchain technology, which contributes to attracting investments. The study concluded in its field aspect that there is a significant impact of blockchain on audit procedures planning in Saudi context. The application of blockchain may affect audit procedures, acceptance of the audit assignment, assessment of audit risks, inherent risks, and control risks and thus detection risks, and implementation of analytical audit procedures.
Keywords: Blockchain; Audit Procedures Planning; Saudi Context