Good Audit Planning Practices in the Digital Era

Abstract

The purpose of this study is to identify important considerations that must be carried out by junior auditors in the planning phase in the current digitalization era. This research uses a qualitative study approach by conducting in-depth interviews with experts in auditing, information technology, and the digital economy. The results show that the critical considerations that need to be considered by the junior auditor are a comprehensive understanding of the auditee on 1) Information Technology-Based Accounting System; 2) IT Governance and the Possibility of Digital Fraud; 3) Business risks related to increasingly fierce industry competition; 4) Analytical procedures using big data analysis; and other important things related to the auditors themselves, namely 5) Digital-Based Audit Working Papers. The research results have implications for current audit learning, which must adapt to the audit environment in the digital era. The limitation of this research is that the research area of audit planning aspect is generally discussed. However, the characteristics of each industry are different. Then further research can be developed by linking the planning process with the type of industry.