Implications of cryptocurrency and blockchain on auditing and accounting practices: the Malaysian experience

Ayedh, Abdullah Mohammed; Echchabi, Abdelghani; Hamid, Fatima Abdul; Salleh, Supiah

doi:10.1504/ijbc.2021.118116

Cited by 5 publications

(7 citation statements)

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“…Previous studies argued that there are many potential benefits associated with blockchainbased accounting systems, such as real-time audit, fraud detection and collecting more evidence (e.g. Matskiv et al, 2023;Ayedh et al, 2021;Mahtani, 2022;Supriadi et al, 2020;Peprah et al, 2022;Bonyuet, 2020;Smith and Castonguay, 2020;Kabir et al, 2022;Tu sek et al, 2021). Furthermore, prior research has shown that using BT significantly influences auditors' responsibilities (e.g.…”

Section: Perceived Benefits Challenges and Impact Of Blockchain-based...mentioning

confidence: 99%

“…The questions' statements were adapted from previous studies (e.g. Tu sek et al, 2021; Peprah et al, 2022;Perera and Abeygunasekera, 2022;Ayedh et al, 2021;Kabir et al, 2022) and the results of the qualitative study. Finally, there were some demographic questions at the end of the questionnaire.…”

Section: Study Twomentioning

confidence: 99%

“…Blockchain offers several advantages in accounting by enhancing the transparency, security and efficiency of financial transactions and record-keeping processes. Some of the beneficial aspects of Blockchain-based accounting (Ayedh et al ., 2021; Mahtani 202; Supriadi et al ., 2020; Peprah et al. , 2022; Bonyuet, 2020; Kabir et al ., 2022) are shown in Figure 2 and explained below.…”

Section: Overview Of the Role Of Blockchain In Accountingmentioning

confidence: 99%

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Blockchain in accounting and auditing: unveiling challenges and unleashing opportunities for digital transformation in Egypt

Anis

2023

JHASS

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PurposeThis paper aims to examine the role of Blockchain in the accounting and auditing literature and profession. Specifically, the paper investigates auditors' perceptions about the role of blockchain in accounting and auditing and the perceived potential benefits and challenges of blockchain-based accounting systems in Egypt. Moreover, what are the capabilities required for successfully implementing blockchain-based accounting systems?Design/methodology/approachA mixed-method approach was adopted to achieve the research objectives. The qualitative study included 11 in-depth interviews with external auditors, and the results of the interviews and the literature review helped develop a survey collected from 58 auditors.FindingsThe findings revealed low-to-moderate awareness of Blockchain-based accounting systems. Also, there were significant differences between auditors from large audit firms and small-and-medium audit firms regarding the benefits and challenges associated with Blockchain-based accounting systems.Practical implicationsThe results provide valuable insights for practitioners, researchers and policymakers.Originality/valueUnderstanding blockchain-based accounting systems and the benefits and challenges associated with their application is crucial for developing effective strategies and frameworks to overcome barriers and realize the transformative potential of blockchain in the accounting and audit market.

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Section: Perceived Benefits Challenges and Impact Of Blockchain-based...mentioning

confidence: 99%

Section: Study Twomentioning

confidence: 99%

Section: Overview Of the Role Of Blockchain In Accountingmentioning

confidence: 99%

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Blockchain in accounting and auditing: unveiling challenges and unleashing opportunities for digital transformation in Egypt

Anis

2023

JHASS

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“…On the one hand, there are many advantages of digital money for the holder, for instance, the holder may now transfer money with little or no cost of transfers, such as the costs charged by the banks. On the other hand, digital money has some disadvantages mostly for monitoring agencies; for instance, digital money makes it somewhat difficult to keep audit trails for effective financial audits [8]. The difficulty with audit trails resonates with the difficulty in taxation tracing and collection.…”

Section: Introductionmentioning

confidence: 99%

“…The difficulty with audit trails resonates with the difficulty in taxation tracing and collection. It also comes with heinous money laundering that may evade the monitoring apparatus of government agencies [8]. Albeit the inherent cons, digital money has arrived to exist in the money market with the likelihood to cause limitations in paper money circulation in the future [9].…”

Section: Introductionmentioning

confidence: 99%

Digital Currency: A Conceptual Framework of Performance

NGWAKWE¹

2023

JESR

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This paper explores and elucidates the concept of Cryptocurrency. It contributes a framework of digital money and also provides an analysis of the price range, which influences Cryptocurrency volume and market capitalisation. Findings from the OLS analysis show that the low price genre influences the volume and market capitalization of Cryptocurreny. Based on the results, the paper develops a price, volume and market capitalization framework for Cryptocurrency. The findings provide a practical and conceptual contribution for investors and future researchers on the concept of digital currency.

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The tactician role of FinTech in the accounting and auditing field: a bibliometric analysis

Thottoli

2023

QRFM

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Purpose This study aims to know the tactician role of financial technology (FinTech) in the field of accounting and auditing through contextualized systematic literature review by using bibliometric analysis. Design/methodology/approach The qualitative bibliometric analysis includes studies from 2017 to 2021 using the Scopus and Web of Science databases, which yielded 277 published papers with the keywords, FinTech accounting and auditing. The contextualized systematic literature review greatly helped in clarifying the content within each cluster. Findings The study identified the tactician role of fintech primarily in the accounting and auditing professional field. Fintech is still in its inception, with continual development and implementation taking place especially, in the auditing field. The findings also confirm that FinTech can produce a confluence between various research areas, including accounting, auditing, business finance, economics, management and business field. Research limitations/implications The study describes the tactician role of FinTech and its huge possibility for future study in the accounting and auditing field among professionals, academics and regulators. Practical implications This study be able to help accounting professionals, policymakers and government regulators to establish policy development, as this research emphasizes the tactician role of FinTech in the accounting and auditing field. Social implications FinTech in accounting and auditing might add to the existing field of FinTech in the IR4.0 era that give benefits to different players such as policymakers, governments, researchers, FinTech entrepreneurs and practicing professionals. Originality/value To the best of the author’s knowledge, little focus has been given about FinTech in the accounting and auditing field using bibliometric analysis. The insights of systematic literature review provide researchers on FinTech among practicing professionals and offer opportunities for further scientific endeavours.

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Implications of cryptocurrency and blockchain on auditing and accounting practices: the Malaysian experience

Cited by 5 publications

References 0 publications

Blockchain in accounting and auditing: unveiling challenges and unleashing opportunities for digital transformation in Egypt

Blockchain in accounting and auditing: unveiling challenges and unleashing opportunities for digital transformation in Egypt

Digital Currency: A Conceptual Framework of Performance

The tactician role of FinTech in the accounting and auditing field: a bibliometric analysis

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