Real-time auditing is great because it allows time for firms to identify finance irregularities and act promptly. Explore how blockchain makes it better! #threadstorm #outreach
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Real-time auditing is great because it allows time for firms to identify finance irregularities and act promptly. Explore how blockchain makes it better! #threadstorm #outreach
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Periodic auditing could find irregularities in finances, but its usually after the damage has accumulated and caused huge problems to a teams budget.
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Auditing in real-time ensures that finance issues are identified immediately after each transaction is completed. Problems are thus solved transaction by transaction.
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Blockchain immutability ensures that all financial records are authentic. This is because all blockchain data are tamper-proof. Auditors thus have an absolute source of truth in blockchain records.
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Transparency is crucial in auditing. Learn how this and other blockchain features makes real-time auditing hitch-free.
https://inleo.io/@fokusnow/blockchain-technology-enhances-realtime-financial-auditing