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BLOCKCHAIN TECHNOLOGY: A REVIEW FROM THE POINT OF THE ACCOUNTING AND AUDITING PROFESSION

Year 2020, Volume: 13 Issue: 3, 989 - 1011, 01.11.2020
https://doi.org/10.29067/muvu.678681

Abstract

In recent years, blockchain technology, which has been widely discussed with Bitcoin; is expected to significantly affect both public and private sectors due to features such as it does not need an intermediary to carry out the transactions, the approval of all the participants in the network is required to add the transactions in the blocks to the chain and, the recorded transactions can not be changed. By the use of this technology in accounting and auditing, it is seen that many benefits will be provided such as preventing fraudulent financial reporting, real-time accounting transactions, and continuous auditing. The main purpose of this study is how this technology, which is thought to have a high-speed development rate with Industry 4.0, will have an impact on the accounting and auditing profession. Therefore, blockchain technology was first introduced in this study, and the effects of this technology in the field of accounting and auditing were discussed in detail in order to realize the main purpose of the study. With the development of blockchain technology, it can be said that it is obvious that there will be a need for the presence of professionals with a high level of technical knowledge, although professional members will be able to perform their jobs more easily.

References

  • Abreu, P. W., Aparicio, M., Costa, C.J., (2018). Blockchain Technology In The Auditing Environment, 13th Iberian Conference on Information Systems and Technologies (CISTI).
  • AICPA. (2017). Blockchain Technology and Its Potential Impact on the Audit and Assurance Profession, https://www.aicpa.org/content/dam/aicpa/interestareas/frc/assuranceadvisoryservices/downloadabledocuments/blockchain-technology-and-its-potential-impact-on-the-audit-and-assurance-profession.pdf
  • ASA, Blockchain and Its Impact on Auditing and Assurance Profession, download?file=%2FUpload%2FfldInsights%2FBlockchain.pdf&mac=%2FWpRgsPq20z%2BfQLC88S%2B8b%2Fi7BQmVPEoypBcn%2BtwIPU%3D
  • Biswas, K., Muthukkumarasamy, V., (2016). Securing Smart Cities Using Blockchain Technology, IEEE 18th International Conference on High Performance Computing and Communications; IEEE 14th International Conference on Smart City; IEEE 2nd International Conference on Data Science and Systems, 1392-1393.
  • Brandon, D., (2016). The Blockchain: The Future of Business Information Systems?, International Journal of the Academic Business World, 10 (2).
  • Can, A. V., (2007). Luca Pacioli “Muhasebenin Babası” mıdır?, Akademik Bakış Uluslararası Hakemli Sosyal Bilimler E-Dergisi, 12, 1-15.
  • Crosby, M., Nachiappan, Pattanayak, P., Verma, S., Kalyanaraman, V., (2016). BlockChain Technology: Beyond Bitcoin, Applied Innovation Review, 2, 5-19.
  • Dai, J., Vasarhelyi, M. A., (2017). Toward Blockchain-Based Accounting and Assurance, Journal Of Information Systems, 31 (3), 5-21.
  • Deloitte (2016). Blockchain Technology: A Game-Changer in Accounting? https://www2.deloitte.com/content/dam/Deloitte/de/Documents/Innovation/Blockchain_A%20game-changer%20in%20accounting.pdf
  • Durbilmez, S. E., Türkmen, S. Y., (2019). Blockchain Teknolojisi ve Türkiye Finans Sektöründeki Durumu. Finans Ekonomi ve Sosyal Araştırmalar Dergisi, 4 (1), 30-45.
  • Huumo, J. Y., Ko, D., Choi, S., Park, S., Smolander, K., (2016). Where Is Current Research on Blockchain Technology? A Systematic Review, Plos One 11 (10), 1-27.
  • Kırbaş, İ., (2018). Blokzinciri Teknolojisi ve Yakın Gelecekteki Uygulama Alanları, Mehmet Akif Ersoy Üniversitesi Fen Bilimleri Enstitüsü Dergisi, 9 (1), 75-82.
  • Kokina, J., Mancha, R., Pachamanova, D., (2017). Blockchain: Emergent Industry Adoption and Implications for Accounting, Journal Of Emerging Technologies In Accounting, 14 (2), 91-100.
  • Nakamoto, S., (2008). Bitcoin: A Peer-to-Peer Electronic Cash System, http://pdos.csail.mit.edu/6.824/papers/bitcoin.pdf
  • Örten, R., Kurt, G., Torun, S., (2011). Muhasebede Çift Taraflı Kayıtlama ve Kitab-Us Siyakat, Muhasebe ve Finans Tarihi Araştırmaları Dergisi, Sayı:1, 34-69.
  • Potekhina, A., Riumkin, I., (2017). Blockchain – a New Accounting Paradigm: Implications For Credit Risk Management, https://www.diva-portal.org/smash/get/diva2:1114333/FULLTEXT01.pdf
  • Puthal, D., Malik, N., Mohanty, S. P., Kougianos, E., Yang, C., (2018). The Blockchain as a Decentralized Security Framework, IEEE Consumer Electronics Magazine, March, 18-21.
  • Rosenberg, E., (2017). How Blockchain Is Going To Change Accounting Forever, https://due.com/blog/blockchain-to-change-accounting-forever/##targetText=Near%20instant%20transactions,books%20on%20the%20prior%20month.&targetText=And%2C%20once%20transactions%20are%20completed,past%20transactions%20in%20a%20blockchain.
  • Schmitz, J., Leoni, G., (2019). Accounting and Auditing at the Time of Blockchain Technology: A Research Agenda, Australian Accounting Review, No. 89, 29 (2), 331-342.
  • Smith, S. S., (2018). Blockchain Augmented Audit: Benefits and Challenges for Accounting Professionals, Journal of Theorical Accounting Research, 14 (1), 117-137.
  • Tan, B. S., Low, K. Y., (2019). Blockchain as the Database Engine in the Accounting System, Australian Accounting Review, No. 89, 29 (2), 312-318.
  • Uysal, T. U., Kurt, G., (2018). Muhasebede ve Denetimde Blok Zinciri Teknolojisi, Süleyman Demirel Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 23 (2), 467-481.
  • Watts, R. L., Zimmerman, J. L., (1986). Positive Accounting Theory. Printice Hall.
  • Yermack, D., (2017). Corporate Governance and Blockchains, Review of Finance, Published by Oxford University Press on behalf of the European Finance Association.
  • Yıldırım, H., (2018). Açık Ve Uzaktan Öğrenmede Blokzincir Teknolojisinin Kullanımı, Açıköğretim Uygulamaları ve Araştırmaları Dergisi, 4 (3).
  • Yu, T., Lin, Z., Tang, Q., (2018). Blockchain: The Introduction and Its Application in Financial Accounting, The Journal Of Corporate Accounting & Finance, October, 37-47.
  • Zheng, Z., Xie, S., Dai, H., Chen, X., Wang, H., (2017). An Overview of Blockchain Technology: Architecture, Consensus, and Future Trends, IEEE 6th International Congress on Big Data, 557-564.

BLOCKCHAIN TEKNOLOJİSİ: MUHASEBE VE DENETİM MESLEĞİ AÇISINDAN BİR İNCELEME

Year 2020, Volume: 13 Issue: 3, 989 - 1011, 01.11.2020
https://doi.org/10.29067/muvu.678681

Abstract

Bitcoin ile birlikte son zamanlarda çokça konuşulmaya başlanan blockchain teknolojisi; işlemlerin gerçekleştirilmesi için bir aracı kuruma ihtiyaç duymaması, bloklardaki işlemlerin zincire eklenmesi için ağdaki tüm katılımcıların onayının gerekmesi, kaydedilen işlemlerin değiştirilememesi gibi sahip olduğu özellikler nedeniyle gerek kamu gerekse özel sektörü önemli düzeyde etkilemesi beklenmektedir. Yapılan incelemelerde muhasebe ve denetim alanında bu teknolojinin kullanılması ile birlikte sözgelimi hileli finansal raporlamanın önüne geçilmesi, gerçek zamanlı muhasebe işlemleri, sürekli denetim gibi birçok yarar sağlanacağı görülmektedir. Endüstri 4.0 ile birlikte gelişim hızının oldukça hızlı olacağı düşünülen bu teknolojinin muhasebe ve denetim mesleği üzerinde nasıl bir etki bırakacağı bu çalışmanın esas amacını oluşturmaktadır. Bu nedenle bu çalışmada öncelikle blockchain teknolojisi tanıtılmış olup, çalışmanın temel amacının gerçekleştirilebilmesi adına bu teknolojinin muhasebe ve denetim alanında göstereceği etkiler detaylıca tartışılmıştır. Blockchain teknolojisinin gelişimi ile birlikte meslek mensuplarının işlerini daha kolay biçimde gerçekleştirebilecek olmalarına karşılık teknik bilgi düzeyi yüksek meslek mensuplarının varlığına ihtiyaç duyulacağının da aşikâr olduğu söylenebilir.

References

  • Abreu, P. W., Aparicio, M., Costa, C.J., (2018). Blockchain Technology In The Auditing Environment, 13th Iberian Conference on Information Systems and Technologies (CISTI).
  • AICPA. (2017). Blockchain Technology and Its Potential Impact on the Audit and Assurance Profession, https://www.aicpa.org/content/dam/aicpa/interestareas/frc/assuranceadvisoryservices/downloadabledocuments/blockchain-technology-and-its-potential-impact-on-the-audit-and-assurance-profession.pdf
  • ASA, Blockchain and Its Impact on Auditing and Assurance Profession, download?file=%2FUpload%2FfldInsights%2FBlockchain.pdf&mac=%2FWpRgsPq20z%2BfQLC88S%2B8b%2Fi7BQmVPEoypBcn%2BtwIPU%3D
  • Biswas, K., Muthukkumarasamy, V., (2016). Securing Smart Cities Using Blockchain Technology, IEEE 18th International Conference on High Performance Computing and Communications; IEEE 14th International Conference on Smart City; IEEE 2nd International Conference on Data Science and Systems, 1392-1393.
  • Brandon, D., (2016). The Blockchain: The Future of Business Information Systems?, International Journal of the Academic Business World, 10 (2).
  • Can, A. V., (2007). Luca Pacioli “Muhasebenin Babası” mıdır?, Akademik Bakış Uluslararası Hakemli Sosyal Bilimler E-Dergisi, 12, 1-15.
  • Crosby, M., Nachiappan, Pattanayak, P., Verma, S., Kalyanaraman, V., (2016). BlockChain Technology: Beyond Bitcoin, Applied Innovation Review, 2, 5-19.
  • Dai, J., Vasarhelyi, M. A., (2017). Toward Blockchain-Based Accounting and Assurance, Journal Of Information Systems, 31 (3), 5-21.
  • Deloitte (2016). Blockchain Technology: A Game-Changer in Accounting? https://www2.deloitte.com/content/dam/Deloitte/de/Documents/Innovation/Blockchain_A%20game-changer%20in%20accounting.pdf
  • Durbilmez, S. E., Türkmen, S. Y., (2019). Blockchain Teknolojisi ve Türkiye Finans Sektöründeki Durumu. Finans Ekonomi ve Sosyal Araştırmalar Dergisi, 4 (1), 30-45.
  • Huumo, J. Y., Ko, D., Choi, S., Park, S., Smolander, K., (2016). Where Is Current Research on Blockchain Technology? A Systematic Review, Plos One 11 (10), 1-27.
  • Kırbaş, İ., (2018). Blokzinciri Teknolojisi ve Yakın Gelecekteki Uygulama Alanları, Mehmet Akif Ersoy Üniversitesi Fen Bilimleri Enstitüsü Dergisi, 9 (1), 75-82.
  • Kokina, J., Mancha, R., Pachamanova, D., (2017). Blockchain: Emergent Industry Adoption and Implications for Accounting, Journal Of Emerging Technologies In Accounting, 14 (2), 91-100.
  • Nakamoto, S., (2008). Bitcoin: A Peer-to-Peer Electronic Cash System, http://pdos.csail.mit.edu/6.824/papers/bitcoin.pdf
  • Örten, R., Kurt, G., Torun, S., (2011). Muhasebede Çift Taraflı Kayıtlama ve Kitab-Us Siyakat, Muhasebe ve Finans Tarihi Araştırmaları Dergisi, Sayı:1, 34-69.
  • Potekhina, A., Riumkin, I., (2017). Blockchain – a New Accounting Paradigm: Implications For Credit Risk Management, https://www.diva-portal.org/smash/get/diva2:1114333/FULLTEXT01.pdf
  • Puthal, D., Malik, N., Mohanty, S. P., Kougianos, E., Yang, C., (2018). The Blockchain as a Decentralized Security Framework, IEEE Consumer Electronics Magazine, March, 18-21.
  • Rosenberg, E., (2017). How Blockchain Is Going To Change Accounting Forever, https://due.com/blog/blockchain-to-change-accounting-forever/##targetText=Near%20instant%20transactions,books%20on%20the%20prior%20month.&targetText=And%2C%20once%20transactions%20are%20completed,past%20transactions%20in%20a%20blockchain.
  • Schmitz, J., Leoni, G., (2019). Accounting and Auditing at the Time of Blockchain Technology: A Research Agenda, Australian Accounting Review, No. 89, 29 (2), 331-342.
  • Smith, S. S., (2018). Blockchain Augmented Audit: Benefits and Challenges for Accounting Professionals, Journal of Theorical Accounting Research, 14 (1), 117-137.
  • Tan, B. S., Low, K. Y., (2019). Blockchain as the Database Engine in the Accounting System, Australian Accounting Review, No. 89, 29 (2), 312-318.
  • Uysal, T. U., Kurt, G., (2018). Muhasebede ve Denetimde Blok Zinciri Teknolojisi, Süleyman Demirel Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 23 (2), 467-481.
  • Watts, R. L., Zimmerman, J. L., (1986). Positive Accounting Theory. Printice Hall.
  • Yermack, D., (2017). Corporate Governance and Blockchains, Review of Finance, Published by Oxford University Press on behalf of the European Finance Association.
  • Yıldırım, H., (2018). Açık Ve Uzaktan Öğrenmede Blokzincir Teknolojisinin Kullanımı, Açıköğretim Uygulamaları ve Araştırmaları Dergisi, 4 (3).
  • Yu, T., Lin, Z., Tang, Q., (2018). Blockchain: The Introduction and Its Application in Financial Accounting, The Journal Of Corporate Accounting & Finance, October, 37-47.
  • Zheng, Z., Xie, S., Dai, H., Chen, X., Wang, H., (2017). An Overview of Blockchain Technology: Architecture, Consensus, and Future Trends, IEEE 6th International Congress on Big Data, 557-564.
There are 27 citations in total.

Details

Primary Language Turkish
Subjects Business Administration
Journal Section Issue
Authors

Yavuz Kılınç 0000-0001-7545-8663

Publication Date November 1, 2020
Submission Date January 22, 2020
Acceptance Date March 3, 2020
Published in Issue Year 2020 Volume: 13 Issue: 3

Cite

APA Kılınç, Y. (2020). BLOCKCHAIN TEKNOLOJİSİ: MUHASEBE VE DENETİM MESLEĞİ AÇISINDAN BİR İNCELEME. Journal of Accounting and Taxation Studies, 13(3), 989-1011. https://doi.org/10.29067/muvu.678681

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