Blockchain technology can make audits more seamless and thorough. Here is how the technology may shape auditing of the future.
How the Blockchain Could Stop Firms Cooking the Books
Enron, WorldCom, Lehman Brothers and Saytam are all dark moments in corporate history. One way or another, they all cooked the books to hide their true financial position, at the expense of investors, customers, and sometimes, the tax payer. Could the blockchain be used to stop corporate fraud?