Blockchain Technology and Auditing: a Survey on Awareness and Understanding of Auditors in Finland about Blockchain and Auditing
Huong, Nguyen Mai (2021)
2021
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2021112521663
https://urn.fi/URN:NBN:fi:amk-2021112521663
Tiivistelmä
Being famous for disrupting the market with its first cryptocurrency – Bitcoin, blockchain is not compared to a passing trend but rather a revolution for transactions recording. Whether blockchain will make or break the accounting and audit industry remains unanswered. It is significant to understand how auditors think and perceive this technology before any further conclusion.
This thesis aims to explore the views of auditors who work in Finland about the blockchain's impact on the audit industry and their jobs. The survey was sent out to collect data about auditors' awareness of blockchain, understandings about blockchain, and their opinions about this technology. In addition, audit definition and limitation, blockchain structure, and the benefits and limitations of applying blockchain to audit were also presented in the study.
The study results show that auditors in Finland knew that blockchain was emerging and understood the basics of this technology and its impact on the audit industry. However, the auditors did not express any opinions on whether companies should or should not apply blockchain. The main reason was that blockchain is a new area in research and is not commonly discussed or mentioned; auditors believed they did not have enough knowledge to make any judgment.
This thesis aims to explore the views of auditors who work in Finland about the blockchain's impact on the audit industry and their jobs. The survey was sent out to collect data about auditors' awareness of blockchain, understandings about blockchain, and their opinions about this technology. In addition, audit definition and limitation, blockchain structure, and the benefits and limitations of applying blockchain to audit were also presented in the study.
The study results show that auditors in Finland knew that blockchain was emerging and understood the basics of this technology and its impact on the audit industry. However, the auditors did not express any opinions on whether companies should or should not apply blockchain. The main reason was that blockchain is a new area in research and is not commonly discussed or mentioned; auditors believed they did not have enough knowledge to make any judgment.