The 21st century has been host to a number of information systems
technologies in the areas of science, automotive, aviation and supply
chain, among others. But perhaps one of its most disruptive is
blockchain technology whose origin dates to only 2008, when an
individual (or perhaps a group of individuals) using the pseudonym
Satoshi Nakamoto published a white paper entitled Bitcoin: A
peer-to-peer electronic cash system in an attempt to address the
threat of “double- spending” in digital currency. Today, many
top-notch global organizations are already using or planning to use
blockchain technology as a secure, robust and cutting-edge technology
to better serve customers. The list includes such well-known corporate
entities as JP Morgan, Royal Bank of Canada, Bank of America, IBM and
Walmart. The tamper-proof attributes of blockchain, leading to
immutable sets of transaction records, represent a higher quality of
evidence for internal and external auditors. Blockchain technology
will impact the performance of the audit engagement due to its
attributes, as the technology can seamlessly complement traditional
auditing techniques. Furthermore, various fraud schemes related to
financial reporting, such as the recording of fictitious revenues,
could be avoided or at least greatly mitigated. Frauds related to
missing, duplicated and identical invoices can also be greatly
curtailed. As a result, the advent of blockchain will enable auditors
to reduce substantive testing as inherent and control audit risks will
be reduced thereby greatly improving an audit’s detection risk. As
such, the continuing use and popularity of blockchain will mean that
auditors and information systems security professionals will need to
deepen their knowledge of this disruptive technology. If you are
looking for a comprehensive study and reference source on blockchain
technology, look no further than The Auditor’s Guide to Blockchain
Technology: Architecture, Use Cases, Security and Assurance. This
title is a must read for all security and assurance professionals and
students looking to become more proficient at auditing this new and
disruptive technology.
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Architecture, Use Cases, Security and Assurance
Produktdetaljer
ISBN
9781000776973
Publisert
2022
Utgave
1. utgave
Utgiver
Taylor & Francis
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter