Introduction
The advent of blockchain technology has revolutionized various industries, including the financial sector. This technology, which was originally designed for the digital currency Bitcoin, has now found applications in areas such as supply chain management, healthcare, and voting systems. One area that is particularly ripe for disruption by blockchain technology is financial statement auditing and assurance services.
The traditional auditing process involves verifying financial transactions and ensuring that financial statements are accurate and reliable. This process is often time-consuming, costly, and prone to errors. Blockchain technology has the potential to streamline the auditing process by providing a secure, transparent, and tamper-proof record of financial transactions.
This Thesis aims to explore the impact of blockchain technology on financial statement auditing and assurance services. It will investigate how blockchain technology can improve the efficiency, accuracy, and reliability of the auditing process. The research will also examine the challenges and limitations of implementing blockchain technology in auditing practices.
Chapter 1: Introduction
1.1 Introduction
1.2 Background of Study
1.3 Problem Statement
1.4 Objective of Study
1.5 Limitation of Study
1.6 Scope of Study
1.7 Significance of Study
1.8 Structure of the Thesis
1.9 Definition of Terms
Chapter 2: Literature Review
2.1 Overview of Blockchain Technology
2.2 Evolution of Financial Statement Auditing
2.3 Benefits of Blockchain Technology in Auditing
2.4 Challenges of Implementing Blockchain in Auditing
2.5 Current Practices in Auditing and Assurance Services
2.6 Regulatory Framework for Auditing
2.7 Previous Studies on Blockchain in Auditing
2.8 Theoretical Framework
2.9 Gaps in Existing Literature
2.10 Summary of Literature Review
Chapter 3: Research Methodology
3.1 Research Design
3.2 Data Collection Methods
3.3 Sampling Techniques
3.4 Data Analysis Methods
3.5 Research Variables
3.6 Hypotheses
3.7 Research Ethics
3.8 Limitations of Research Methodology
Chapter 4: Discussion of Findings
4.1 Overview of Study Findings
4.2 Impact of Blockchain on Auditing Efficiency
4.3 Accuracy and Reliability of Auditing with Blockchain
4.4 Challenges in Implementing Blockchain in Auditing
4.5 Recommendations for Future Research
4.6 Practical Implications for Auditing Practices
Chapter 5: Conclusion and Summary
5.1 Summary of Findings
5.2 Conclusion
5.3 Contributions to Knowledge
5.4 Implications for Practice
5.5 Recommendations for Future Research
This Thesis will contribute to the existing body of knowledge on blockchain technology and financial statement auditing. By exploring the potential benefits and challenges of implementing blockchain in auditing practices, this research aims to provide insights for auditors, regulators, and policymakers.
