Abstract

This study aims to highlight the role of Blockchain technologies in enhancing the efficiency and accuracy of financial operations, particularly in the field of smart auditing. With the rapid pace of digital transformation, blockchain has emerged as a vital tool due to its advanced capabilities that accelerate the auditing process compared to traditional methods, while offering higher levels of transparency and reliability. The study was conducted through a field survey targeting several Iraqi banks. A total of 100 questionnaires were distributed, of which 91 valid responses were collected after excluding incomplete ones. The questionnaires were directed to various stakeholders, including bank employees, academics, auditors, and account controllers. Data were analyzed using the SPSS statistical analysis software. The results revealed that blockchain technology directly impacts the development of financial and accounting systems. It contributes to reducing the potential for manipulation and fraud in auditing financial statements and plays a role in mitigating audit-related financial risks while minimizing human intervention in sensitive processes. Furthermore, it helps reduce the number of intermediaries, which positively affects cost reduction and speeds up compliance with regulations and standards. Based on these findings, the study recommends the provision of the necessary technological infrastructure to support the adoption of blockchain, as well as addressing the environmental, technical, and economic challenges that may hinder its implementation. The study also calls for encouraging banks to adopt blockchain technology given its multiple advantages, and stresses the importance of providing legal and regulatory support to facilitate this transformation. Additionally, it emphasizes the need to organize training and qualification programs for human resources to enable them to keep pace with technological advancements and enhance their efficiency in the field of smart auditing.