Problem:
The Potential Impact of Blockchain Technology on the Audit Profession Abstract Blockchain technology, initially synonymous with cryptocurrencies, has become a disruptive force across various industries. The audit profession stands poised for transformation as blockchain offers unparalleled transparency, immutability, and automation capabilities. This paper explores the potential ramifications of blockchain on auditing, examining how its inherent features could revolutionize audit processes, enhance efficiency, mitigate fraud risks, and reshape auditors' roles. Additionally, the paper explores the challenges and opportunities accompanying blockchain adoption in auditing, shedding light on regulatory concerns, interoperability issues, and the need for auditors' continuous learning. Overall, this paper underscores the seismic shifts anticipated in the audit landscape with the advent of blockchain technology. Keywords: Blockchain, Audit Profession, Transparency, Efficiency, Fraud Prevention, Regulatory Compliance Introduction The audit profession serves as the cornerstone of financial transparency and accountability, ensuring the accuracy and reliability of financial statements. Traditionally, audits involve time-consuming manual procedures, reliance on sampled data, and periodic assessments. This approach can be susceptible to error, especially in today's complex financial environment ([Dechow & Mourkogiannis, 2018]). Blockchain technology, a decentralized ledger system underpinning cryptocurrencies like Bitcoin, offers immutable, transparent, and tamper-resistant record-keeping capabilities. This paper explores the potential impact of blockchain