TEAtalks Ep.3 | Financial Fingerprints, Auditing, and the Future of Triple Entry Accounting
The importance of Financial Fingerprints and how they can revolutionize accounting, the key differences between TEA and traditional double-entry accounting, and how Enterprise Blockchain is reshaping the entire industry.
Triple Entry Accounting
Auditors spend a significant amount of their time gathering audit evidence. Both the quality, quantity, and time spent on this process can be improved with a new technique called Triple Entry Accounting. In this article, I will explain the concept of Triple Entry Accounting and how it can greatly assist in the execution of audits. No technical background knowledge is required.
Trippel bokføring − Triple Entry Accounting
Triple-entry accounting is an extension of double-entry bookkeeping. A third entry can be recorded in a shared ledger in the form of a blockchain.
Blockchain: The future of trust in accounting
Auditors and accountants can leverage global public blockchain technology as a secure shared ledger to make accounting ledgers more efficient to verify, unlocking new techniques for continuous audits in a way that is compliant with the ISA standards. UNISOT (Abendum) is researching and developing Triple Entry Accounting technology to help accounting professionals leverage the new technology by extending the current double entry ledgers into triple-entry-compatible ledgers on the chain.”
Re-Inventing Business with Blockchain
A panel of four experts and entrepreneurs came together to discuss how blockchain re-invents business as a whole. At the panel, Sunde introduced Abendum, a company that utilizes the BSV blockchain to revolutionize accounting.
Arktivverkets seminar om regulatoriske sandkasser
Torje Vingen Sunde deler Abendums erfaring på Arkivverkets erfaringsseminar om regulatoriske sandkasser.