Author(s): Komati Durga Prasad*, Soofi Asra Mubeen, Banda Rajani
This paper aims to bridge this gap by providing an empirical analysis of the impact of blockchain technology on audit quality. Blockchain technology, originally conceived as the backbone for cryptocurrencies like Bitcoin, has emerged as a disruptive innovation with far-reaching implications across various industries. There are numerous challenges and uncertainties, including technological integration, scalability, regulatory compliance, and the need for new skill sets among auditors. This study aims to investigate the impact of blockchain technology on audit quality, including its effects on transparency, security, and efficiency. The main objective of the study is to investigate the impact of blackchain technology on audit quality in the accounting and auditing industry. The findings from this study provide compelling evidence that blockchain technology positively impacts audit quality. The significant improvements in transparency, efficiency, and fraud detection suggest that blockchain can address many of the traditional challenges in auditing.