International Journal For Multidisciplinary Research

E-ISSN: 2582-2160     Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 7, Issue 4 (July-August 2025) Submit your research before last 3 days of August to publish your research paper in the issue of July-August.

Impact of Blockchain Technology in Auditing and Financial Transparency

Author(s) Mr. Ganesh S Hosapeti, Mr. Pradeep Ritti, Ms. Sangeeta Belavatti, Ms. Nazeemabanu Tasknavar
Country India
Abstract Within the financial transparency and auditing sector, blockchain technology is re-inventing transaction-based verification, since it has shifted towards the concept of decentralized, permanent and real-time verifications in transactions. This innovation will drive greater trust, less fraud, and more compliance as audit trails become tamper proof, as processes are automatized in terms of smart contracts, and can be audited continuously. The most notable applications are fraud prevention, anti-money laundering (AML) tracking and supply chain transparency, with scalability, legal uncertainty and privacy concerns still being a problem. With such widespread adoption, blockchain is the oft-rewarded path to a more efficient, provable ecosystem of money and many forms of finance, paired with AI and central bank digital currencies (CBDCs). This paper is going to discuss the effect of blockchain on auditing, its advantages, limitations, and the future of blockchain in transforming financial accountability.
Keywords Blockchain, Auditing, Financial Transparency, Smart Contracts, Fraud Prevention, Regulatory Compliance, Immutable Ledger
Field Sociology > Banking / Finance
Published In Volume 7, Issue 4, July-August 2025
Published On 2025-08-12
DOI https://doi.org/10.36948/ijfmr.2025.v07i04.53519
Short DOI https://doi.org/g9w5bc

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