Question: What challenge does blockchain present regarding the occurrence assertion for auditors? Blockchain independently confirms the occurrence of all transactions. All blockchain transactions are publicly disclosed,
What challenge does blockchain present regarding the occurrence assertion for auditors?
Blockchain independently confirms the occurrence of all transactions.
All blockchain transactions are publicly disclosed, ensuring transparency.
Blockchain technology automatically classifies and validates every transaction.
The pseudoanonymous nature of transactions may lead to fictitious or economically insubstantial transactions.
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