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The auditing can be accelerated by blockchain deloitte

The auditing can be accelerated by blockchain deloitte

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The auditing can be accelerated by blockchain deloitte	These programs can execute transactions and create corresponding ledger entries when certain contract conditions are triggered. How are the Big Four accounting firms approaching decentralized ledgers? Blockchain applications make it feasible to conduct continuous auditing due to real-time access to transaction records Smith The role of secondary sources on the taxation of digital currency Bitcoin before IRS guidance was issued. However, it has drawbacks. As far as auditing is concerned, the firm sees blockchain establishing a central source of auditing data that accountants can access for assessment.
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calendar_month 13.01.2021

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To answer these kinds of questions, organizations may need to consider providing auditors with evidence of internal control design and effectiveness at their counterparties in a blockchain. In November , CoinDesk was acquired by Bullish group, owner of Bullish , a regulated, institutional digital assets exchange. Data is proliferating and populating tools and dashboards in ways that are transforming industries, making them more resilient, effective, and valuable. In an interview with CoinDesk, Deloitte Consulting principal Eric Piscini explained his company has been conducting research into the potential business opportunities around blockchain technology for 18 months. While Deloitte is working on more than 20 use cases for the technology, Piscini still cautioned that he doesn't know which opportunity might be the most immediate application of the blockchain, though he foresees a killer app being developed soon.