The Evolution of Accounting Software: Review of Blockchain Technology in Audit

The rapid development of technology, especially in the scope of the industrial revolution 4.0 gave birth to Blockchain Technology. The purpose of this article is to further explore the impact of blockchain technology on auditing. Blockchain has an impact on processes, regulators and the audit profession carried out by auditors against a company. The findings of this study indicate that there is a positive impact of blockchain in auditing is the freedom of access to view key records so that the auditor can easily authorize transactions, the convenience of validating transactions, the existence of an integrity and reliable data guarantee, the verification process is carried out automatically, obtaining data directly without third parties, convenience in providing financial statement assessments, big data analytics features that are guaranteed to be true, and making the audit process more extensive. The application of blockchain technology will not have a negative impact on the audit profession. The presence of blockchain technology only acts as an assistant for auditors which will facilitate the work of an auditor. Audit regulators need to work together to determine the optimal approach to ensure that blockchain applications not only deliver the promised business value, but are also performed consistently with prudent and effective governance.