Blockchain in financial audit processes in Venezuela

Abstract

This study analyzed the impact of integrating blockchain into financial auditing processes in Venezuela, given the limitations of transparency and reliability presented by current traditional procedures. A quantitative documentary approach was used, based on the systematic review of specialized literature, laws, regulations and digital publications. For the processing of information, critical analysis techniques, analytical summaries, and content notes were applied. The analysis reveals that distributed ledger technology offers an architecture capable of automating data verification and guaranteeing the immutability of accounting records. It is concluded that blockchain represents a disruptive advance that can significantly optimize accuracy and control in the Venezuelan financial ecosystem. However, its success depends on the technical updating of professionals and the adaptation of current regulatory frameworks to take advantage of the security and transparency benefits that this technology offers. However, its success depends on the technical updating of professionals and the adaptation of current regulatory frameworks to take advantage of the security and transparency benefits that this technology offers.