The Application Value of Blockchain in Accounting Process from the Perspective of Audit Risk Assessment

Abstract

Under the wave of digital transformation, traditional accounting processes face challenges in audit risk control. Blockchain technology, with its unique advantages, offers a new approach to addressing this issue. Through case studies, this paper conducts an in-depth exploration of the application value of blockchain in accounting processes from the perspective of audit risk assessment. It provides a detailed analysis of the advantages and disadvantages. At the same time, by understanding the definitions, relationships, and differences between accounting and auditing, and by examining the traditional accounting process, it is found that there are audit risks in terms of information accuracy and completeness. By comparing and analyzing the distributed ledger feature of blockchain technology, it can be seen that the application of blockchain technology enhances the confidentiality of information. Research also shows that the application of blockchain technology in accounting processes can significantly enhance the credibility and authenticity of audit evidence, reduce audit inspection risks, and better assist auditors in identifying problems in accounting. The main research results of this paper are to explore the application value of blockchain technology in accounting processes from the perspective of audit risk assessment, thereby better addressing the drawbacks of traditional accounting processes.