Analysis of traditional financial audit industry based on improved algorithm of block chain technology

Liu Changqing
Economics & Management Institute, The National University of Malaysia, Wei’fang 261000, Shandong, China

DOI:https://doi.org/10.5912/jcb1400

Abstract:

With the progress of science and technology and the continuous deepening of audit information construction, audit has gradually separated from the traditional paper vouchers and inspection audit methods, and changed into the application of artificial intelligence, system information technology methods such as cloud technology and mobile Internet. block chain technology, as an advanced information technology, is highly valued by financial accounting experts and scholars due to its powerful data analysis methods and independent distributed architecture systems, which will also cause breakthrough changes to the audit industry. In terms of China's development, block chain technology has been successively used in commodity traceability, financing mode and other fields. In addition, it has become the backbone of the rapid technological, organizational and efficient changes of China's social system.