The use of blockchain affords companies many benefits while saving costs in the process. But the technology also brings with it a number of risks prudent auditing and accounting professionals must smartly manage.
A new risk matrix, “Blockchain Risk: Considerations for Professionals,” aims to describe and contextualize several specific risks associated with the implementation and operation of blockchain. It was developed jointly by a working group comprised of the ISACA, the American Institute of Certified Public Accountants (AICPA), and the Chartered Institute of Management Accountants (CIMA).
