Which of the following is NOT true about Blockchain application in Accounting? Auditors can get...

90.2K

Verified Solution

Question

Accounting

Which of the following is NOT true about Blockchain application in Accounting?

Auditors can get the real time data

Auditors can go back to any of the previous block without reviewing the whole blockchain system

Blockchain can limit the access to the unauthorized parties

Blockchain benefits the audit confirmation

None of the above, all the descriptions are true

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students