The Impact of Blockchain Technology Usage by Audit Firms on Audit Fees: A Field Study in the Egyptian Environment | ||||
| مجلة الدراسات التجارية المعاصرة | ||||
| Volume 11, Issue 19, January 2025, Page 1-66 PDF (2.13 MB) | ||||
| Document Type: المقالة الأصلية | ||||
| DOI: 10.21608/csj.2024.338969.1553 | ||||
 View on SCiNiTO | ||||
| Authors | ||||
أحمد صلاح محمد عبد السلام أبو العز 1; رضا ابراهيم عبد القادر صالح  2; عبده أحمد عتش3
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| 1كلية التجارة - جامعة كفرالشيخ | ||||
| 2كلية التجارة - جامعة كفر الشيخ | ||||
| 3کلية التجارة - جامعة كفر الشيخ | ||||
| Abstract | ||||
| The adoption of Blockchain Technology (BCT) in auditing is revolutionizing the field by addressing issues of data security, transparency, and efficiency. This study examines how using BCT by audit firms impacts audit fees, focusing on the Egyptian auditing environment. A combination of theoretical and empirical methodologies was employed, utilizing a deductive approach to develop the research hypothesis and an inductive approach for field data analysis. Data were collected through a structured questionnaire distributed to auditing professionals and academics. The results reveal a significant impact of using BCT by audit firms on increased audit fees, attributed to the enhanced accuracy in transaction verification and the complexities of decentralized ledger systems. Influential factors such as audit firm reputation, size, industry specialization, and litigation risks were identified, illustrating how technological advancements reshape traditional determinants of audit fees. The findings provide valuable insights for audit firms, clients, and regulators, highlighting the importance of adapting to technological advancements and refining audit fee structures. This research bridges a critical gap in the literature and informs strategic decisions in audit practices. | ||||
| Keywords | ||||
| Blockchain Technology; Audit Fees; Decentralized Ledger | ||||
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