Block Chain Technology in Accounting, Enhancing Transparency, and Reducing Fraud

Block chain in the financial industry, due to its decentralized and reliable architecture, provides the ability to ensure the security of financial transactions. Each transaction is recorded in a block and is cryptographically linked to previous blocks. This allows changes in a block to be quickly detected and any attempts at fraud to be stopped. Auditing, as an important process in ensuring the financial integrity and soundness of organizations, requires high accuracy and transparency. As financial systems become more complex and the volume of transactions increases, auditors face many challenges. In the meantime, block chain, with its unique features, can help auditors deal with these challenges and improve audit processes. Block chain can have significant impacts in the audit field by providing transparency, security, immutability, efficiency, and cost reduction. This technology can improve audit processes and help auditors to easily and accurately review financial transactions and information. However, the use of block chain includes some challenges such as technical complexity, scalability issues, and legal and regulatory issues that require proper attention and management. Ultimately, block chain can serve as an effective tool in improving audit transparency and security and help organizations deal with the challenges in this area. Training and awareness of auditors in the field of block chain and keeping up with technological and regulatory changes can help to achieve greater success in using this technology.

کلیدواژه ها:

Block Chain ، financial industry ، Audit ، Transparency ، Security