The Use Of Blockchain Technology And Its Impact On Improving The Quality Of Audit Work

Abstract

This research aims to identify the extent of the effectiveness of the use of blockchain technology and its impact on improving the quality of audit work in the Iraqi environment, and to achieve this goal, the descriptive analytical approach was followed for its suitability to the nature of the research, where a scientific questionnaire was designed and distributed on a sample consisting of (43) In response to the research sample, which included audit offices and auditors working in academic institutions, the practical side of the research relied on statistical analysis by testing the degree of validity of the data to see the extent to which those results could be generalized, and the use of a set of methods.

The most important conclusion of the research is the existence of a statistically significant correlation between the block chain technology and the quality of the audit process, as the value of the correlation coefficient between the block chain technology and the quality of the audit was (0.819), to show that there is a strong direct correlation between the block chain technology and the quality of the audit. In addition, it will enable external auditors to verify a large part of the financial statements automatically, and allow auditors to switch from random sampling to comprehensive auditing of transactions during the audit.

Through the results of the research, the researcher recommends the following:

• The need to highlight the importance of the blockchain technology in the auditing work, by activating it through lectures, conferences, seminars and training courses.
• The need for auditors to keep pace with the developments of modern technologies, especially in the areas of auditing and internal control systems, as well as training those in charge and those working on them by raising their efficiency.