How Blockchain Is Reshaping Audit and Assurance

Blockchain is set to have a significant impact on audit and assurance. Today‚Äôs auditors need to understand how transactions are recorded in the blockchain and how to design tests to evaluate the reliability of the blockchain, a process that will require IT specialists and specialized tools. 

Both David Uhryniak and Matthew Schell say that blockchain will survive the hype, pointing to training at universities, patents filed, and accelerated adoption by some of the largest companies in the world. 

Financial Executives International (FEI) spoke with Uhryniak and Schell about the specific areas CFOs should be aware of that blockchain has the potential to disrupt, and how the technology will affect audit and assurance.
How Blockchain Is Reshaping Audit and Assurance