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How blockchain impacts financial reporting controls

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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.

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