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Financial Automation Audit Method Based on Blockchain Technology.

Weidong Gai¹, Yue Gu², Jiaming Qin¹

¹Accounting College, Wuhan College, Wuhan 430022, Hubei, China.

Computational Intelligence and Neuroscience

|July 15, 2022

Summary

This summary is machine-generated.

Blockchain technology enhances financial auditing automation. Research explores its impact, including BP Neural Networks, with interconnected environments being key for adoption.

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Area of Science:

Accounting and Information Systems
Computer Science
Financial Technology

Background:

Blockchain technology offers decentralized, continuously growing databases.
Its integration into financial auditing is increasingly significant.
Automation in financial auditing presents new opportunities and challenges.

Purpose of the Study:

To investigate blockchain technology's role in financial automation auditing.
To explore the impact of blockchain concepts and BP Neural Networks on auditing methods.
To gather practical insights from industry professionals and researchers.

Main Methods:

Literature review on blockchain technology, hash functions, and financial auditing.
Analysis of the BP Neural Network (BPNN) and its algorithms in auditing.
Dissemination of a poll survey to diverse stakeholders in the financial sector.

Main Results:

Interconnected environments are identified as the most crucial factor for adopting blockchain in auditing.
The study highlights the potential of blockchain and BPNN for enhancing financial automation.
Survey results indicate a high score of 4.36 for speculation based on interconnected environments.

Conclusions:

Blockchain technology has a significant impact on the future of financial auditing.
The integration of advanced technologies like BPNN can drive automation in financial processes.
Further research and practical implementation are needed to fully realize the benefits of blockchain in auditing.