ENSURING THE RELIABILITY OF FINANCIAL REPORTING THROUGH THE IMPLEMENTATION OF CONTINUOUS AUDIT TECHNOLOGIES ON BLOCKCHAIN

Abstract

Introduction. The digitalization of the economy, the spread of distributed registries, and the growing demands for transparency of economic activity are transforming approaches to confirming the completeness and reliability of financial information. In view of this, the scientific search for effective approaches to creating an information environment that enables timely risk identification and improves the quality of analytical support for management is becoming increasingly relevant.

The purpose of the study is to substantiate theoretical provisions and develop a conceptual model for applying continuous audit based on blockchain technologies to ensure the reliability of the enterprise’s financial reporting and increase the efficiency of information and control procedures.

Materials and methods. The information basis of the study is the scientific works of domestic specialists on the problems of digital control and distributed register technologies. In the process of processing sources and results, methods of theoretical generalization, system analysis, modeling of information flows, logical interpretation of results and a comparative approach to evaluating traditional and digital forms of verification were used.

Results. The article defines the functional capabilities of the blockchain architecture to create a transparent environment for processing accounting data. The mechanism for integrating continuous audit into an enterprise’s financial and economic system is substantiated. A conceptual control model is proposed that provides automated verification of transactions, increases the accuracy of reporting indicators and reduces information risks. It has been established that the use of distributed registries increases the efficiency of analytical procedures, strengthens stakeholders' trust, and improves the process of decision-making.

Prospects. Further research should focus on developing a methodology for the practical implementation of continuous audit in enterprise accounting systems, improving procedures for documenting digital transactions, and assessing the economic efficiency of using blockchain solutions in financial control.