A Preliminary Study of the Impact of Blockchain Technology on Internal Auditing

As a prominent component of a new round of technological change, blockchain technology will have a considerable influence on various economic and social fields, including internal auditing. Blockchains allow for decentralisation and prevent tampering, meaning that blockchain technology meets the requirements of internal auditing. This article discusses the impact of blockchain technology on internal auditing. By analysing the characteristics of blockchain technology and how these characteristics are useful for internal auditing, this article explores and constructs the operation mode of ‘blockchain + internal auditing’ and then analyses the application concerns around its operation mode. It also discusses the transformation of internal auditing functions under this model.