How blockchain impacts financial reporting controls

  • All - Deloitte Image

Jan 06, 2021

The internal control environment will be different in a blockchain-enabled world, making it critical for finance stakeholders to understand the technology’s unique capabilities, risks, and benefits.

As blockchain becomes more mainstream, it’s important to focus on how this technology intersects with an organization’s system of controls over financial reporting. With careful implementation and integration of blockchain-enhanced tools, companies can leverage the technology’s distinctive capabilities to create more robust, reliable, effective, and efficient controls. At the same time, however, blockchain creates unique risks and the need for new or modified controls.

Review the full article.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.