All of the Following Are Challenges for Auditors When Auditing

question 34

Multiple Choice

All of the following are challenges for auditors when auditing records residing in a blockchain network except:

• A)Programming skills may be needed.
• B)Complicated protocols may be difficult to understand.
• C)Smart contracts cannot be used as evidence.
• D)Converting traditional audit approaches to blockchain technology.

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Definitions:

Lawrence Peter

A Canadian educator and "hierarchiologist," best known for formulating the Peter Principle, which suggests that people in a hierarchy tend to rise to their "level of incompetence."

Successful Transition

The process of smoothly moving from one state or condition to another in a way that achieves intended outcomes.

Delegate Tasks

The act of assigning responsibility and authority to someone else to complete specific activities while retaining the ultimate accountability for their outcome.

Subordinate

An individual who is lower in rank or position, typically subject to the authority or control of another within an organizational hierarchy.