5 Questions
What are the challenges accountants might face due to blockchain technology?
Roles of accountants might change and they may need to develop new skills
What is one of the opportunities of blockchain technology mentioned in the text?
Efficiency boost and trustworthy transactions
What is a challenge related to the context of blockchain technology mentioned in the text?
Small companies might not benefit as much, and not everyone needs a blockchain
What is a concern regarding the theoretical framework of blockchain technology mentioned in the text?
The growth of blockchain technology has not led to the building of a corresponding regulatory framework
What is mentioned as a security risk associated with blockchain technology in the text?
There are still risks like cyberattacks and potential flaws in smart contracts
Test your knowledge on the challenges and opportunities of blockchain technology for accountants. Explore factors driving change in accounting roles and the potential for efficiency boosts.
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