The Role of IT Audit in the Era of Digital Transformation

Aditya, Bayu Rima; Hartanto, Rudy; Nugroho, Lukito Edi

doi:10.1088/1757-899x/407/1/012164

Cited by 13 publications

(9 citation statements)

References 11 publications

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“…Today, it is difficult even to imagine that it is possible to successfully organize a business without applying some form of information and telecommunication technologies (Andrić et al, 2011). Companies in numerous industries have transformed their products and activities and transferred them to the digital ecosystem to improve their business and become leaders (Aditya et al, 2018). These technologies have entered every pore of economic life and imposed themselves as a conditio sine qua non of survival on the market.…”

Section: Information Technologies and Auditmentioning

confidence: 99%

“…In an era characterized by digital transformation, management must focus on the risks associated with the functioning of information technologies. Information technology risks do not only threaten the digital environment but also the entire business of a company (Aditya et al, 2018). The digital transformation of business requires constant improvement and optimization of the audit function (Nazarova et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

“…For an auditor performing an audit in an IT environment, it is important to understand the characteristics of that environment, since different information and telecommunication technologies present the auditor with different challenges, sometimes making her job easier, and sometimes making it more difficult. The role of IT audit varies across companies, even if they are in the same industry (Aditya et al, 2018). In other words, the role of IT audit cannot be universal since each company is characterized by a different IT audit universe and IT specificities of each audit engagement.…”

Section: Introductionmentioning

confidence: 99%

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Challenges of using digital technologies in audit

Vuković¹,

Tica²,

Jakšić³

2024

Anali Ekon fak Subotica

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Every company must consider the changes in a digital environment. In the era of digital transformation, the company understands the importance of information technologies, and makes adjustments in the form of structural changes. Modern technology usage provides the possibility of the analysis of previously unimaginable types and amounts of data, and introduces significant changes in the field of auditing. By simplifying the audit work, digitalization has also created new opportunities for IT auditing. The aim of this paper is to present the opportunities and challenges of key digital trends in auditing, or the usage of big data analytics, artificial intelligence, blockchain technology, and robotic process automation. There is an emerging need for auditors to take advantage of digital technology usage and respond to the challenges of digitalization in a systematic and high-quality way. The progress of using digital technologies in auditing is contributing to more reliability and better quality reporting, which is leading to increased trust among stakeholders in the results of audit work.

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Section: Information Technologies and Auditmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Challenges of using digital technologies in audit

Vuković¹,

Tica²,

Jakšić³

2024

Anali Ekon fak Subotica

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“…However, these changes also open up increasingly difficult challenges for IT audits, namely changes in regulations, the emergence of new technology, and data security concerns arising from increased volumes of data. These challenges necessitate that IT audits move away from compliance-oriented (functioning as an organizational watchdog for compliance) to a risk-ori-ented approach, allowing organizations to define the IT audit environment based on value and risks to the business identifying and fulfilling any gaps in the IT audit environment [4].…”

Section: Internal It Audits and Their Importancementioning

confidence: 99%

Factors that Play a Role in Improving the Efficiency of Continuous Audits using Computer Assisted Audit Techniques in enterprises including healthcare units

Sagar¹,

Ramanathan²

2022

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Internal auditing is a key function of any business enterprise, including healthcare units, being responsible for highlighting and bringing to notice of the upper management a fair evaluation of the organization’s internal control environment. With stakeholder satisfaction, compliance requirements, and value delivery increasingly taking centre stage, it functionally requires many organizations to adopt and implement a continuous auditing solution. Continuous auditing solutions often call for the adoption of various computer-assisted tools and techniques to help get the job done. The usage of these tools and techniques is subject to many different factors. This paper explores some of the factors that play a role in improving the efficiency of continuous audits using such tools and techniques. Auditors widely recognize Computer-assisted auditing techniques (CAATs). However, CAATs are not being used as widely as expected. The technology–organization–environment framework is used to identify and assess the organisational elements that influence CAAT utilisation after adoption. The purpose of this study is to see if using CAATs helps the auditing process. The usage of CAATs by audit firms and audit performance are both moderated by top management commitment. The data for this study was collected from Jordanian audit companies’ auditors. According to the conclusions of the investigation, CAAT adoption is determined by the cost–benefit of technology, company size, preparedness, and competitive pressure. The technical compatibility and complexity of client accounting information systems, on the other hand, appear to have little impact on CAAT utilisation. Top management has a direct impact on audit performance and is a key influencer in how CAATs are used by auditors. However, there is no correlation between audit firm usage of CAATs and audit performance (top management audit firm’s use of CAATs). Furthermore, the adoption of CAATs helps the whole audit process of audit companies.

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“…• the auditor will need to assess the need for some of the planned procedures, as well as discuss with the auditee the possibility of providing information as quickly as possible due to the rapid change in the situation in the country [2,19].…”

Section: Introductionmentioning

confidence: 99%

Digital Audit as an Imperative for Ukraine’s Way out From the COVID-crisis and a Tool to Increase the Competitveness of the State

et al. 2021

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The article is devoted to the issues of organization and prospects of audit development in terms of digitalization. The state and the measures needed to improve audit effectiveness in the context of automation are investigated and analyzed. The factors that negatively influence the audit digitization process and the possible directions of development of audit activity in the computerized environment are identified. The use of automation helps auditors process more data and focus on identifying risks, allowing for higher quality audits. Classification of information technology of audit, conditions for the development of audit software, factors that impede audit automation are given. Audit digitization is a new level in the audit field that is rapidly evolving and rapidly expanding in enterprises, especially those that use an automated accounting method. The software currently used by auditors needs to be refined to meet the demands of today's world. Digitization will become relevant for all audit firms seeking to gain competitive advantage and take a place in the audit services market.

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The Role of IT Audit in the Era of Digital Transformation

Cited by 13 publications

References 11 publications

Challenges of using digital technologies in audit

Challenges of using digital technologies in audit

Factors that Play a Role in Improving the Efficiency of Continuous Audits using Computer Assisted Audit Techniques in enterprises including healthcare units

Digital Audit as an Imperative for Ukraine’s Way out From the COVID-crisis and a Tool to Increase the Competitveness of the State

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