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Abstract
The blockchain technology that has emerged in recent years is gaining increasing interest in the business world, including the audit sector. The four largest firms in the industry are indeed drawn to its characteristics, such as transparency, traceability, and the integration of rules and procedures within the technology itself. They recognize that blockchain provides reliable audit trails and an immutable distributed ledger, which enhance the authenticity and reliability of audit data.
In this context, there is a growing number of scientific studies examining the potential impact of blockchain technology on financial auditing, accounting, and finance. However, there are few studies focusing on the use of blockchain as an internal control tool and its impact on internal auditing. To address this gap, we conducted a qualitative study in Switzerland to better understand the attitudes of internal auditors towards blockchain.
It appears that, to date, few internal auditors possess the necessary skills to evaluate this new technology.
Moreover, the majority of them perceive that blockchain would neither improve the quality nor enhance the reliability of their work while the use of a blockchain-based control framework would provide assurance on the entirety of the relevant processes.