...Mark D. Sheldon SUMMARY This article summarizes “Tracking Tangible Asset Ownership and Provenance with Blockchain” ( Sheldon 2022 ), which introduces auditors to the risks of using blockchain’s shared repository to track assets in the physical world. The underlying challenge is keeping the status...

...Mark D. Sheldon SUMMARY This article summarizes “Auditing the Blockchain Oracle Problem” ( Sheldon 2021 ), which introduces auditors to the risks of having an irreversible business agreement codified on a blockchain using a short software program called a smart contract that relies on an oracle...

...Nishani Edirisinghe Vincent; Reza Barkhi SUMMARY As companies begin to explore and develop technology solutions based on blockchain and smart contracts, there is a need to understand the impact of blockchain and smart contracts on the assessment of internal controls and enterprise risk. Especially...

...Mark D. Sheldon SUMMARY Blockchain is a disruptive technology that offers advantages to the audit profession such as transparency into all transactions, an immutable ledger, and the potential for real-time auditing. However, to realize these benefits, the profession must be prepared to gain...

... of Accountancy (NASBA) offer solutions for centralized collection of misconduct, but both likely experience issues with incomplete reporting from key constituents. I propose a novel use of blockchain technology to address this issue, such that all key parties in the accounting profession leverage an accountancy...