Using Blockchain to Aggregate and Share Misconduct Issues across the Accounting Profession

Sheldon, Mark D.

doi:10.2308/ciia-52184

Cited by 46 publications

(31 citation statements)

References 2 publications

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“…For instance, Tang and Tang (2019) describe how DLT could be used to increase the reliability of carbon emissions trading reporting. Sheldon (2018) describes a system that could be used to share misconduct issues across the accounting profession. Wang and Kogan (2018) propose a prototype for a blockchain‐based transaction processing system.…”

Section: Resultsmentioning

confidence: 99%

Blockchain in Accounting Research and Practice: Current Trends and Future Opportunities*

Pimentel

Boulianne

2020

Accounting Perspectives

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This article provides a review of the accounting blockchain literature, with a focus on current trends and recommendations for future research opportunities. Our review identifies seven main areas: (i) future of blockchain technology, (ii) impact on the accounting function, (iii) auditing considerations, (iv) financial reporting for cryptoassets, (v) case studies, (vi) governance, and (vii) taxation. The article aims to bridge the gap between practitioners and academics by providing a review of both areas of literature and highlighting common ground between the two arenas. While academics have begun to explore how the accounting profession might change in response to blockchain, this research is limited primarily to the auditing field. Practitioners, for their part, have expanded their scope to also devote significant attention to the financial reporting and taxation of cryptoassets. Expanding the discussion of accounting and blockchains beyond their current concentrations in auditing and accounting information systems, we call for more research on the impact of blockchain technology in other areas such as corporate governance or the intersection of accounting and society.

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Section: Resultsmentioning

confidence: 99%

Blockchain in Accounting Research and Practice: Current Trends and Future Opportunities*

Pimentel

Boulianne

2020

Accounting Perspectives

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“…Blockchain technology is not only an information system in a single company for a set of transactions, but is an infrastructure for business communities (Ito, Narula, and Ali 2017;Sheldon 2018). As more individuals and organizations join a blockchain network, a large community of stakeholders, such as companies, investors, auditors, tax authorities, and regulators, comprise an ecosystem with information transferring and sharing.…”

Section: Blockchain Creates Business Information Ecosystemsmentioning

confidence: 99%

How Will Blockchain Technology Impact Auditing and Accounting: Permissionless versus Permissioned Blockchain

Liu

2019

Current Issues in Auditing

178

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Blockchain offers a drastically new way to record, process, and store financial transactions and information, and has the potential to fundamentally change the landscape of the accounting profession and reshape the business ecosystem. In this article, we introduce two types (i.e., permissionless and permissioned) of blockchain and lay out their technological features. We further discuss implications of blockchain to auditing and elaborate on opportunities and challenges of the two types of blockchain to auditors. We conclude by making specific recommendations for auditors to adapt, adjust, and elevate themselves to the role of strategic partners in blockchain implementation. JEL Classifications: M15; M41; M42; O14; O33; O55.

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“…At the same time, blockchain also supports data sharing. For instance, all of the key parties in the accounting profession leverage an accountancy blockchain to aggregate and share instances of practitioner misconduct across the country on a nearly real-time basis (Sheldon 2018).…”

Section: (B) Data Storage and Sharingmentioning

confidence: 99%

A systematic review of blockchain

2019

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Blockchain is considered by many to be a disruptive core technology. Although many researchers have realized the importance of blockchain, the research of blockchain is still in its infancy. Consequently, this study reviews the current academic research on blockchain, especially in the subject area of business and economics. Based on a systematic review of the literature retrieved from the Web of Science service, we explore the top-cited articles, most productive countries, and most common keywords. Additionally, we conduct a clustering analysis and identify the following five research themes: "economic benefit," "blockchain technology," "initial coin offerings," "fintech revolution," and "sharing economy." Recommendations on future research directions and practical applications are also provided in this paper.

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Using Blockchain to Aggregate and Share Misconduct Issues across the Accounting Profession

Cited by 46 publications

References 2 publications

Blockchain in Accounting Research and Practice: Current Trends and Future Opportunities*

Blockchain in Accounting Research and Practice: Current Trends and Future Opportunities*

How Will Blockchain Technology Impact Auditing and Accounting: Permissionless versus Permissioned Blockchain

A systematic review of blockchain

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