Client use of blockchain technology: exploring its (potential) impact on financial statement audits of Australian accounting firms
通过访谈澳大利亚会计师事务所的审计合伙人，研究了客户使用区块链技术对财务报表审计各阶段（如风险评估、审计证据）的潜在影响，发现区块链带来新风险，但专业主义和商业主义逻辑互补。
Purpose The paper reports on a study that investigated the (potential) impact of client use of blockchain technology on financial statement audits of Australian accounting firms. Design/methodology/approach Data were primarily collected from semi-structured interviews with a range of stakeholders including audit partners from first- and second-tier accounting firms in Australia. The interviews focused on the perceived (potential) impact of blockchain on the stages of obtain (retain) engagement, engagement planning, risk assessment, audit evidence and reporting of financial statement audits of clients that use blockchain technology. Perceptions of changes to financial statement audits were interpreted using the logics of professionalism and commercialism. Findings Australian accounting firms have either obtained or considered engagements with clients with a cryptocurrency business or that use a blockchain platform although they are a small group. There is a view that blockchain technology is distinctive and therefore poses risks not encountered before in audit engagements. These risks would most likely shift how firms plan, design audit methodologies and execute financial statement audits. The study showed that the logics of professionalism and commercialism are not conflicting but instead complementary. They present both opportunities and challenges for firms to apply and develop audit expertise in an emerging area in audit. Research limitations/implications Being an exploratory study, the findings are tentative. A case study of an audit engagement with a cryptocurrency business will add to a nuanced understanding of the challenges posed to financial statement audits by blockchain technology. Originality/value This study is novel because of its focus on the impact of an evolving technology on the stages of financial statement audits.