Journal of Information System and Technology Auditing

Journal of Information System and Technology Auditing

The Role of Blockchain Technology in Accounting and Auditing

Document Type : Review

Authors
1 Associate Professor, Department of Accounting, Chalous Branch, Islamic Azad University, Chalous, Iran
2 Ph.D. Student, Department of Accounting, Chalous Branch, Islamic Azad University, Chalous, Iran
Abstract
Blockchain technology، as a transformative innovation in various fields، especially in accounting and financial reporting، has high potential for improving transparency، operational efficiency، process security، and the ability to record immutable information. This system، due to its unique features، can help reduce information asymmetry and increase trust in the ecosystem. The aim of this article is to explain the role of blockchain technology in accounting and financial reporting. This article examines the concepts and structure of blockchain and its impact on accounting. The use of smart contracts in accounting and auditing is discussed، and the benefits resulting from the use of blockchain-based financial reporting are highlighted. Blockchain can improve transparency and reduce financial reporting costs، but it also requires initial investments and compliance with legal and regulatory requirements. This article suggests that integrating blockchain with existing systems can lead to significant improvements in accounting and auditing. This article clearly shows that blockchain technology can act as a transformative factor in accounting and auditing، helping to create a more transparent and efficient financial ecosystem.
Keywords

Subjects


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Volume 1, Issue 1 - Serial Number 1
April 2025
Pages 226-256

  • Receive Date 26 January 2025
  • Revise Date 30 April 2025
  • Accept Date 06 September 2025
  • Publish Date 22 June 2025