Blockchain is not just the latest trend. It is reshaping how businesses manage transparency and verification of data utilizing a distributed transaction ledger. To understand blockchain’s benefits and business applications, our professionals explain four main factors for consideration.
Understand what blockchain is through basic functions, and learn about existing use cases in higher education and not-for-profit settings.
Learn the potential benefits – and challenges – smart contracts present, as well as the new auditing requirements and what kind of internal audit staffing and skills are necessary.
Take basic steps to prepare for the wider adoption of blockchain technology in accounting, regardless of size or resources.
Learn 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.
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