Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Feb 12, 2024

What are the potential impacts of blockchain on accounting and audit practice? Multiple select question. Auditors will need to review business rules coded in smart

What are the potential impacts of blockchain on accounting and audit practice? Multiple select question.

Auditors will need to review business rules coded in smart contracts.

Auditors will not need to audit blockchain transactions since transactions cannot be modified or deleted.

Blockchain technology increases the possibility of conducting continuous audit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provided below The potential impacts of blockchain on ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing a business risk appraoch

Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston

6th Edition

9780324645095, 324645090, 978-0324375589

More Books

Students also viewed these Accounting questions

Question

Suppose we fit a curve with basis functions b (X) = 1(0 x 2) - (X 1)/(1 X 2), b (X)=(x-3)1(3 X 4)+1(4 Answered: 1 week ago

Answered: 1 week ago

Question

Dissertation Topic: "The Effects of Cybersecurity Measures on the Productivity and Well-being of Teleworkers in the Healthcare Industry". Introduction Draft no more than TWO paragraphs here -...

Answered: 1 week ago

Question

★★★★★

Hyten Corporation On June 5, 1998, a meeting was held at Hyten Corporation, between Bill Knapp, Director of Marketing/Sales, and John Rich, director of engineering. The purpose of the meeting was to...

Answered: 1 week ago

Question

★★★★★

Dwights preferences over beer and whiskey satisfy more is better, but are concave (thus violating the usual assumption of convexity). a. On a diagram, sketch what such indifference curves would look...

Answered: 1 week ago

Question

★★★★★

Suppose a company in the United States was trying to decide whether to locate their manufacturing facility in the United States or in south Suppose a company in the United States was trying to decide...

Answered: 1 week ago

Question

★★★★★

Rewrite each of the following using bond-line formulas: (a) (b) (c) (CH3)3CCH2CH2CH2OH (d) (e) CH2==CHCH2CH2CH==CHCH3 (f) CH3CH2CH2CCH3 CH3CHCH2CH2CHCH2CH3 CH3 CH3 CHsCH2CHCH2COH CH3 CH2 HC H2

Answered: 1 week ago

Question

★★★★★

=+d) When should the quality team have investigated the production process? Sample Weight (oz.) Deviation Sample Weight (oz.) Deviation 1 5.060 -0.065 26 5.073 -0.052 2 5.014 -0.111 27 5.133 0.008 3...

Answered: 1 week ago

Question

★★★★★

Five years have passed and Jamie Lee, 34, is considering taking the plunge--not only is she engaged to be married, but she is also deciding on whether to purchase a new home. Jamie Lees cupcake caf...

Answered: 1 week ago

Question

★★★★★

Hepworth Company has implemented a JIT system and is considering the use of backflush costing. Hepworth had the following transactions for the current fiscal year: 1. Purchased raw materials on...

Answered: 1 week ago

Question

★★★★★

Howies Bakery is one of the most popular bakeries in town, and the favorite at Howies is French bread. Each day of the week, Howies bakes a number of loaves of French bread, more or less according to...

Answered: 1 week ago

Question

★★★★★

Topper Inc. had following inventories on March 1: Finish goods Rs. 15000, WIP Rs. 19070 and Materials Rs. 14000. The work in process control three jobs: Job No. 62 Materials Rs. 2800, Labor Rs. 2100...

Answered: 1 week ago

Question

★★★★★

You have been given a program Lab01_P2.c that computes the prime factorization of a hardcoded integer value. This program does not work in its current state: it has 1 syntax error (this will cause...

Answered: 1 week ago

Question

★★★★★

One of the principal roles of the system architect is to Choose the best answer below: Provide objective evidence that specified requirements have been fulfilled by system elements and integrated...

Answered: 1 week ago

Question

★★★★★

1. 1 4 3 dx a) Find the smallest K such that | f(4) (x)| K for 4x7. Fall 2020 b) Use the part (a) answer and the Error Bound formula to find a smallest value of n for which Es10-9.

Answered: 1 week ago

Question

★★★★★

Assume that the coupling between the motor and the inertial load of Problem 14.33 is flexible (e.g., a long shaft). This can be modeled by adding a torsional spring between the motor inertia and the...

Answered: 1 week ago

Question

★★★★★

Your company has a Microsoft 365 subscription. You need to implement multi-factor authentication (MFA) by using a risk-based Conditional Access policy. What should you do first? Select only one...

Answered: 1 week ago

Question

★★★★★

SkyChefs, Incorporated, prepares in-flight meals for a number of major airlines. One of the companys products is grilled salmon with new potatoes and mixed vegetables. During the most recent week,...

Answered: 1 week ago

Question

★★★★★

The Home Depot is the leading retailer in the home improvement industry and one of the 10largest retailers in the United States. The company included the following on its January 29, 2012, balance...

Answered: 1 week ago

Question

★★★★★

What is forensic accounting? How does it differ from auditing?

Answered: 1 week ago

Question

★★★★★

To expand its operations, Dark Corp. raised $4 million by making a private interstate offering of $2 million in common stock and negotiating a $2 million loan from Safe Bank. The common stock was...

Answered: 1 week ago

Question

★★★★★

For each of the following situations, evaluate the segregation of duties implemented by the company and indicate the following: a. Any deficiency in the segregation of duties described (Indicate None...

Answered: 1 week ago

Question

★★★★★

The position of a particle as a function of time is given by where t is in seconds. a. What is the particles distance from the origin at t = 0, 2, and 5 s? b. Find an expression for the particles...

Answered: 1 week ago

Question

★★★★★

For the three vectors shown in FIGURE EX3.20, What is vector a. Write in component form. b. Write as a magnitude and a direction. Figure Ex 3.20

Answered: 1 week ago

Question

★★★★★

Let A = (3.0 m, 20 south of east), and a. Draw and label with their tails at the origin. Use a coordinate system with the x-axis to the east. b. Write in component form, using unit vectors. c. Find...

Answered: 1 week ago

Previous Question Next Question