Naslov
The Future of Audit in Light of Technological Changes:Opportunities and Threats

Autori
Sever Mališ, Sanja ; Žager, Lajoš ; Brozović, Mateja

Vrsta, podvrsta i kategorija rada
Poglavlja u knjigama, znanstveni

Knjiga
Fostering Innovation and Competitiveness With FinTech, RegTech, and SupTech

Urednik/ci
Boitan, Iustina Alina ; Marchewka-Bartkowiak, Kamilla

Izdavač
IGI Global

Grad
Hershey (PA)

Godina
2020

Raspon stranica
228-249

ISBN
1799843904

Ključne riječi
Audit of Financial Statements ; Audit Risk ; Industry 4.0 ; Generations of Audit ; Computer Assisted Audit Techniques and Tools ; Blockchain ; Artificial Intelligence ; Data Analytics

Sažetak
External audit of financial statements plays a key role in achieving transparent financial reporting, since its purpose is to provide reasonable assurance that the presented financial statements are free of material misstatements due to fraud or error. In the process of fulfilling this role, auditors must be adaptable, especially when it comes to technological advancements. This chapter explains the effect that new technologies have on audit of financial statements. In addition to summarizing the technological changes that impacted the audit profession in the past and therefore introduced new generations of audit, the authors have identified issues and challenges in the way the audit is currently performed. Some of the new technologies that are discussed in this chapter have the potential to mitigate these issues. However, new challenges and risks may be introduced with accepting these technologies in the process of financial reporting and auditing.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA