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@article{191391,
        author = {Andhariya Ritu Kishorbhai},
        title = {(R1) Block Chain Technology and Its Effects on Auditing and Financial Reporting},
        journal = {International Journal of Innovative Research in Technology},
        year = {},
        volume = {12},
        number = {no},
        pages = {1353-1358},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=191391},
        abstract = {Blockchain technology's abecedarian characteristics of decentralization, translucency, invariability, and real- time verification of deals is making it getting decreasingly conceded as an innovative tool in the fiscal reporting and auditing diligence. Blockchain boosts the integrity, traceability, and stability of fiscal data by maintaining fiscal deals on reliable distributed checks. This increases verification punctuality and reporting vacuity while lowering mortal miscalculations and ineffectiveness. Blockchain enhances shareholder confidence in the account records and facilitates more effective inspection procedures by offering ongoing access to real- time data. every one of these benefits, there are also still numerous obstacles to wide acceptance, including unclear rules, precious perpetration problems with integration of technology, and the demand to stay adjudicators to acquire new professional chops. All effects considered, the mainstreaming of blockchain technology into fiscal reporting and auditing signifies a paradigm change that can enhance data.
Despite these benefits, there are nevertheless multitudinous walls to wide acceptance, including unclear regulations, precious relinquishment, problems with the integration of technology, and the demand for investigators to acquire fresh professional capacities. Though important of its eventuality will be contingent on prostrating deployment and nonsupervisory obstacles, the blockchain's integration into the auditing and reporting processes represents a paradigm shift that can enhance data trustability and functional effectiveness.},
        keywords = {Blockchain Technology, Auditing, Financial Reporting, Distributed Ledger Technology, Transparency, Accounting Information Systems},
        month = {},
        }