Table 8

Challenges associated with auditing blockchain-based accounting systems

StatementsBig-sized firmsNon-big sized firmst-test
Non-flexibility in correcting business mistakes4.103.901.05
Information overload4.154.301.11
Slow performance linked to the decentralized database3.143.201.14
Duplicate information3.233.110.34
The need for sizeable computational power3.544.122.35**
Scalability-related problems4.333.941.41
  • 1.

    Reviewing blockchain ledgers stored in multiple locations

4.004.953.33**
  • 2.

    Verify the validity of transactions from different users

3.904.442.98**

Note(s):T-test values are significant at 0.05 and 0.01 levels, respectively

Source(s): By author

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