The Impact of Blockchain Technology on Accounting Transparency and Audit Efficiency

Blockchain technology is poised to revolutionize accounting and auditing by introducing immutable, transparent, and decentralized record-keeping. This paper examines the impact of blockchain on accounting transparency and audit efficiency through a systematic literature review. Key features such as immutability, real-time data access, and smart contracts significantly enhance data reliability, reduce fraud risks, and streamline audit processes, with reported reductions in audit time by 30-70%. However, challenges including integration issues, regulatory uncertainty, scalability, and skill gaps remain. The analysis highlights blockchain’s transformative potential while acknowledging barriers to widespread adoption.