Audit & Internal Controls
Add Your Heading Text Here
The auditing and internal controls environments are radically evolving in a blockchain-enabled world. As such, it is important to consider and leverage these differences, factoring in blockchain capabilities, attributes, risks, and benefits.
We help auditors and compliance professionals enhance internal controls, which in turn, promotes greater:
- Effectiveness and efficiency of operations,
- Accuracy, consistency, and reliability of financial and other reporting, and
- Compliance with applicable laws and regulations.
In many ways, the control considerations with respect to implementing and operating our solutions are similar to a new Enterprise Resource Planning (ERP) or document management system.
When considering financial reporting controls, certain “mainstay” financial controls (e.g., reconciliations) and processes (e.g., creation of financial reports) will likely fundamentally change.