Discussion on Using Blockchain Technology to Improve Audit Efficiency and Financial Transparency
DOI:
https://doi.org/10.71222/tmf06n65Keywords:
blockchain technology, audit efficiency, financial transparencyAbstract
With the acceleration of enterprise informatization, traditional audit methods face many challenges in verifying the authenticity of enterprise information, real-time control, and transparency of audit information. The blockchain technology, with its decentralized control, traceability, and tamper proof features, provides new ideas to enhance audit efficiency and financial transparency. This article summarizes the relationship between blockchain technology and financial auditing, and constructs a blockchain based auditing application framework. Specific implementation paths are proposed from three aspects: referencing blockchain real-time auditing systems, automated auditing processes, and real-time multi node data sharing. Specific measures are also proposed to enhance financial transparency through the use of blockchain based financial records, hierarchical control information authorization, and unified standardized disclosure principles. This article analyzes that the application of blockchain will shift financial auditing from traditional "post verification" to "real-time monitoring", thereby achieving a win-win situation of real-time auditing and transparency before, during, and after the event.
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