How Blockchain Tech Will Change Auditing for Good
Matthew Spoke is a senior consultant at Deloitte Canada and is actively involved in the company's internal initiative to explore uses of blockchain technology in accounting. Here, in an article co-authored with his colleague Shannon Steele, he explores why a blockchain-based audit system is the future of accounting. Following the Enron Scandal in October of 2001, something unprecedented happened. For the first time in its modern history, although for a short period, the global audit industry lost its most precious asset: public trust. Although the industry has since recovered, and the....
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