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Title: The impact of blockchain technology on Maltese audits : local auditors’ perceptions
Authors: Attard, Nicola
Keywords: Blockchains (Databases) -- Malta
Auditing -- Malta
Auditors -- Malta -- Attitudes
Issue Date: 2019
Citation: Attard, N. (2019). The impact of blockchain technology on Maltese audits: local auditors’ perceptions (Master's dissertation).
Abstract: Purpose: The purpose of this study is to analyse the current issues that local auditors believe the Maltese audit industry is facing in respect of the application of blockchain technology. It aims to investigate the perceptions of local auditors with regards to the impact of blockchain technology, along with assessing the key changes that local auditors believe they will experience in their audits due to the application of blockchain technology. Design: A qualitative approach was adopted. Following an initial analysis of the literature, seven semi-structured interviews were carried out with local auditors. Findings: This study determined that it is relevant for local auditors to have more training with regards to blockchain, since financial auditors will now be required to obtain assurance on the blockchain platform and will experience increased automation in their audit procedures. Blockchain technology will result in a substantial change to the audit risks addressed. Local auditors are likely to experience a change in their role, since increased automation will allow them to spend more time on areas which require judgement. Finally, since current legislation concerning innovative technologies is still very novel, issues will arise concerning the application of certain regulations. Local auditors must determine how they can best address these concerns to remain compliant with the laws. Conclusions: This study concluded that local auditors require further training with regards to blockchain technology. Audit firms must adapt their audit tools to cater for blockchain systems and further collaboration between IT auditors and financial auditors is vital. Finally, local auditors must remain alert to regulatory changes that will take place to ensure that their practices continue to comply with the legislation. Implications: This study hopes to better inform local auditors about the impending changes and to provide valuable insights that can aid auditors facing this technology in the future.
Description: M.ACCTY.
Appears in Collections:Dissertations - FacEma - 2019
Dissertations - FacEMAAcc - 2019

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