Show simple item record

dc.contributor.authorBakhshi, T
dc.contributor.authorGhita, B::0000-0002-1788-547X

The recent advent of blockchain technology is anticipated to revolutionize the operational processes of several industries including banking, finance, real estate, retail and benefit governmental as well as corporate information management structures. The underlying principles of information immutability, traceability, and verifiability built-in blockchain transactions may lead to greater adoption of distributed crypto-ledger applications in auditing automation, compliance monitoring, and guaranteeing high assurance. This chapter discusses the contemporary applications of blockchain technology in information auditing, exploring aspects such as data recording, accuracy, verification, transparency, and overall value of a decentralized blockchain crypto-ledger for auditors. Opportunities for timeliness, completeness, and reconciliation in appraising regulatory compliance of organizations employing blockchain-based contractual frameworks are also investigated. The chapter reviews the existing and anticipated challenges blockchain applications pose to traditional regulatory compliance models and the inherent risks for businesses and stakeholders. We highlight the impact of operational concerns such as decentralized transactions, network complexity, transaction reversals, credential management, software quality, and human resources. Finally, the chapter provides perspective on assurance complexities involved in transforming from proprietary to blockchain-based framework while adhering to IT control obligations dictated by three major auditing standards Sarbanes Oxley Act (SOX), Control Objectives for Information Technologies (COBIT), and International Standardization Organization (ISO) /International Electrotechnical Commission (IEC) 27001.

dc.publisherSpringer International Publishing
dc.relation.ispartofTrust Models for Next-Generation Blockchain Ecosystems
dc.titlePerspectives on Auditing and Regulatory Compliance in Blockchain Transactions
plymouth.seriesEAI/Springer Innovations in Communication and Computing
plymouth.organisational-group/Plymouth/Faculty of Science and Engineering
plymouth.organisational-group/Plymouth/Faculty of Science and Engineering/School of Engineering, Computing and Mathematics
plymouth.organisational-group/Plymouth/REF 2021 Researchers by UoA
plymouth.organisational-group/Plymouth/REF 2021 Researchers by UoA/UoA11 Computer Science and Informatics
plymouth.organisational-group/Plymouth/Users by role
plymouth.organisational-group/Plymouth/Users by role/Academics
dc.rights.embargoperiodNot known
rioxxterms.typeBook chapter

Files in this item


This item appears in the following Collection(s)

Show simple item record

All items in PEARL are protected by copyright law.
Author manuscripts deposited to comply with open access mandates are made available in accordance with publisher policies. Please cite only the published version using the details provided on the item record or document. In the absence of an open licence (e.g. Creative Commons), permissions for further reuse of content should be sought from the publisher or author.
Theme by 
Atmire NV