Blockchain Architecture for Auditing Automation and Trust Building in Public Markets
SEAN SHUN CAO, Lin William Cong, Meng Han, Qixuan Hou, Baozhong Yang · Computer · 2020
Business transactions by public firms must be reported, verified, and audited periodically, which is labor intensive and time consuming. To streamline this procedure, we have designed Future Auditing Blockchain to automate the reporting and auditing process, allowing auditors to focus on discretionary accounts to better detect and prevent fraud.