INTEGRATION OF BLOCKCHAIN TECHNOLOGY IN AUDITING PRACTICES – BIBLIOMETRIC ANALYSIS

Abstract

THE POTENTIAL OF BLOCKCHAIN TECHNOLOGY EXTENDS BEYOND CRYPTOCURRENCIES AND HAS THE POWER TO TRANSFORM VARIOUS SECTORS, INCLUDING ACCOUNTING AND AUDITING. ITS INTEGRATION INTO AUDITING PRACTICES PRESENTS OPPORTUNITIES AND CHALLENGES, AND AUDITORS MUST NAVIGATE NEW STANDARDS AND ENGAGE WITH CLIENTS EFFECTIVELY. BLOCKCHAIN TECHNOLOGY PROVIDES TAMPER-PROOF RECORD-KEEPING AND FRAUD PREVENTION, ENHANCING EFFICIENCY, TRANSPARENCY, AND SECURITY IN DOMAINS SUCH AS FINANCE, INSURANCE, HEALTHCARE, EDUCATION, E-VOTING, AND SUPPLY CHAIN MANAGEMENT. THIS PAPER CONDUCTS A BIBLIOMETRIC ANALYSIS OF BLOCKCHAIN TECHNOLOGY LITERATURE TO GAIN INSIGHTS INTO THE CURRENT STATE AND FUTURE DIRECTIONS OF BLOCKCHAIN TECHNOLOGY IN AUDITING. THE STUDY IDENTIFIES SIGNIFICANT RESEARCH THEMES AND TRENDS USING KEYWORD AND CITATION ANALYSIS. THE VOSVIEWER SOFTWARE WAS USED TO ANALYZE THE DATA AND VISUALIZE THE RESULTS. FINDINGS REVEAL SIGNIFICANT GROWTH IN BLOCKCHAIN RESEARCH, PARTICULARLY FROM 2021 ONWARDS, WITH CHINA EMERGING AS A LEADING CONTRIBUTOR, FOLLOWED BY THE USA, INDIA, AND THE UK. THIS STUDY PROVIDES VALUABLE INSIGHTS INTO CURRENT TRENDS, KEY CONTRIBUTORS, AND GLOBAL PATTERNS IN BLOCKCHAIN TECHNOLOGY RESEARCH WITHIN AUDITING PRACTICES, AND FUTURE RESEARCH MAY EXPLORE THEMATIC AREAS IN GREATER DEPTH.