Table 9 Auditors' perceptions about the... | Emerald Publishing

Table 9

Auditors' perceptions about the impact of blockchain-based accounting on the audit profession

Statements	Large-sized firms	Small and medium-sized firms	t-test
- BT is a significant technology disruption in the accounting and auditing profession nowadays	4.75	4.80	0.85
- Accountants will still be responsible for preparing the financial statements	4.60	4.55	0.92
- Auditors will have more time to focus on tasks requiring professional judgment	4.50	4.45	1.10
- The automation of reconciliation will put the accounting and auditing profession at risk	3.90	4.20	2.10*
- Auditors will still be needed to express their opinion about the fair representation of the financial statements	4.25	4.30	1.15
- BT implementation will highly require tech-skilled auditors	4.80	4.85	1.28
- Accounting and auditing standards must be adapted to BT	4.78	4.89	0.95
- The auditing process must be adapted to follow how the technology of BT works	3.95	4.10	1.49

Statements	Large-sized firms	Small and medium-sized firms	t-test
- BT is a significant technology disruption in the accounting and auditing profession nowadays	4.75	4.80	0.85
- Accountants will still be responsible for preparing the financial statements	4.60	4.55	0.92
- Auditors will have more time to focus on tasks requiring professional judgment	4.50	4.45	1.10
- The automation of reconciliation will put the accounting and auditing profession at risk	3.90	4.20	2.10*
- Auditors will still be needed to express their opinion about the fair representation of the financial statements	4.25	4.30	1.15
- BT implementation will highly require tech-skilled auditors	4.80	4.85	1.28
- Accounting and auditing standards must be adapted to BT	4.78	4.89	0.95
- The auditing process must be adapted to follow how the technology of BT works	3.95	4.10	1.49

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

Source(s): By author