Blockchain and AI-driven triple-entry accounting: transforming audit transparency in Saudi banks

Key Points

• This research aims to assess how blockchain and AI influence audit transparency in Saudi banking systems.
• Investigated the implementation of blockchain and AI in triple-entry accounting systems.
• Analyzed audit transparency metrics before and after implementing the technology.
• Engaged Saudi banks in a collaborative study.
• Audit transparency improved significantly post-implementation of blockchain and AI technologies.
• Increased accuracy and reliability of financial statements observed in participating banks.
• Enhanced trust and accountability in the financial reporting process reported.