Revolutionizing internal auditing: harnessing the power of blockchain
Haoyang Wu, Ziqing Liu, Haiyue Dong, Yang Lu, Li Da Xu · Enterprise Information Systems · 2025
Blockchain technology offers new opportunities for enhancing accounting and auditing, particularly in dynamic, intelligent internal auditing. This paper analyzes blockchain integration with internal auditing, designing smart contract-based algorithms for identity management, data collection, auditing calculations, analysis, and storage. A real-time auditing model using smart contracts is proposed, with a carbon emissions audit used to demonstrate its effectiveness. Results show the model enhances auditing performance in terms of intelligence, independence, efficiency, and quality. This study is a valuable attempt to illustrate how blockchain can empower auditing and create value.