Blockchain could bring a new lease of life to audit

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again

  1. Why was blockchain thought to be the end of the audit profession?

  2. Why do auditors disagree that blockchain is the end of the profession?

  3. Why should companies be careful when implementing blockchain within their systems and processes?

  4. What doesn't blockchain provide evidence on?

  5. Which of the following is not a known challenge regarding the use of blockchain?

  6. What could a client do when starting to use blockchain, if they are concerned about the transition?

  7. Which of these is a key problem for auditors regarding blockchain?

  8. How might blockchain help reduce reporting delays?

  9. Why is it no surprise Bitcoin originated in 2009?

  10. What might replace internal and external reporting functions?