Blockchain and the Evolving Internal Audit Function
摘要
Blockchain Technology indicates a transformative era for internal audit practices in the evolving digital finance and operations landscape. This research explores the internal audit function in a Blockchain-driven world, emphasizing the changing perspectives and methodologies necessitated by this disruptive technology. With its foundational principles of transparency, immutability, and decentralization, Blockchain presents challenges and opportunities for internal auditors. The paper delves into how Blockchain is poised to redefine traditional audit practices, moving towards more real-time and continuous auditing techniques. It examines the implications of Blockchain for risk assessment, fraud detection, and compliance, highlighting the shift towards proactive rather than reactive audit strategies. Furthermore, the research examines Blockchain’s opportunities and challenges to the internal audit function. This study provides insights into integrating Blockchain Technology in internal auditing through a comprehensive secondary data analysis. It proposes a roadmap for auditors to adapt and thrive in this new era. The findings underscore the importance of embracing technological advancements, advocating for a dynamic approach to audit practices that aligns with the complexities of a blockchain-driven world.