Blockchain Versus Financial Statement Fraud

Using well known financial frauds of the past, this paper explores the basic principles of blockchain technology and how it may or may not be a deterrent to fraud. Understanding the differences in types of blockchains such as public vs. permissioned or private are key to knowing how determined fraudsters may still be able to manipulate technology to their advantage. Businesses and government are adopting this technology at a rapid pace which provides the accounting profession an opportunity to establish