The impact of blockchain on internal audit

Abstract

This paper presents the main issues on competencies and knowledge, risks and challenges in performing internal audit when adopting blockchains. The main purpose is to propose a framework for stages, procedures and elements for an internal audit plan in organizations that implement blockchains in smart crop production. It is analyzed basic elements of blockchain technology, characteristics and functions of internal audit and internal control, the impacts of blockchains implementation on organization and focus areas affecting human, financial and technical resources, risk identification, blockchain control procedures, risk management and mitigation. It is presented example of suggested framework for internal audit plan.