Distributed Ledger Technology Design and the Role of Internal Controls

Re thinking Regulation and Monetary Policies (I), Lambert Academic Publishers 2019

Posted: 9 Oct 2019 Last revised: 9 Dec 2019

See all articles by Marianne Ojo D Delaney PhD

Marianne Ojo D Delaney PhD

American Accounting Association; Centre for Innovation and Sustainable Development (CISD); Centre for Innovation and Sustainable Development (CISD)

Date Written: September 28, 2019

Abstract

Challenges presented as a result of emerging technologies and the developments revolving around the financial environment, as well as the need to design tools and techniques which can accommodate and realize potential and intended benefits of Distributed Ledger Technologies, are considered in this section of the volume.

Even though it might be expected that internal controls and corporate governance related matters would influence and dominate main concerns relating to implementation of emerging technologies, it appears from recent surveys and statistics that employing staff and employees with adequate skills and expertise, as well as concerns relating to those risks emanating from cyber risks constitute and generate the greatest levels of concerns for industry experts and professionals.

Designing tool and techniques which can accommodate and adapt to – as well as ensure that enterprise programs and systems are able to align with the demands presented by emerging technologies, back up plans, namely internal control measures should constitute or rather, also embody part of the fore of concerns in a changing business and financial environment.

The Future of Forensic Accounting – particularly Computer Forensics, in becoming more engaged in Distributed Ledger Technology Designs – particularly in matters relating to internal control systems and designs – as a means of more effectively addressing associated risks attributed to crypto currencies and other emerging technologies is also considered in this section of the volume.

Keywords: Distributed Ledger Technology; internal controls, financial reporting, governance, digital currencies, crypto assets, GDPR

Suggested Citation

Ojo D Delaney PhD, Marianne, Distributed Ledger Technology Design and the Role of Internal Controls (September 28, 2019). Re thinking Regulation and Monetary Policies (I), Lambert Academic Publishers 2019, Available at SSRN: https://ssrn.com/abstract=3460897

Marianne Ojo D Delaney PhD (Contact Author)

American Accounting Association ( email )

5717 Bessie Drive
Sarasota, FL 34233-2399
United States

Centre for Innovation and Sustainable Development (CISD) ( email )

United States

Centre for Innovation and Sustainable Development (CISD) ( email )

United States

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