Naslov
The importance and differences of analytical procedures' application for auditing blockchain technology between external and internal auditors in Croatia
(The importance and differences of analytical procedures' application for auditing blockchain technology between external and internal auditors in Croatia)

Autori
Tušek, Boris ; Ježovita, Ana ; Halar, Petra

Izvornik
Economic Research-Ekonomska Istraživanja (1331-677X) Online first (2020); 1-24

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
auditing ; external auditors ; internal auditors ; analytical procedures ; blockchain technology

Sažetak
Nowadays audit profession is faced with an excessive evolution of the information and communication technology (ICT). The effects of ICT on auditing are dual. On the one hand, auditing is faced with the digitalization of companies’ business operations, and on the other, auditors must be able to adapt their methodologies to these changes in order to be able to audit implemented ICT in the companies’ business operations. One of the latest ICT innovations includes the application of blockchain technology (BCT) in different business operations of a company, which represents the object of auditing. In order to audit BCT, auditors must apply appropriate audit procedures, whereas analytical procedures (APs) represent the most useful one. The subjects of this paper are external and internal auditors, and their application of APs for auditing implemented BCT in the companies’ business operations, in Croatia. Therefore, the main objective of this paper is to investigate the differences in the APs’ application and its usefulness for auditing BCT, as an emerging ICT, between external and internal auditors. To investigate the main objective of the paper, desk research and survey research were conducted. Overall results indicated that external and internal auditors in Croatia are aware that auditing BCT requires the application of advanced APs, for what they need to possess excellent knowledge about APs and BCT. Obtained results showed that auditors in Croatia possess below-average knowledge about APs and BCT. Therefore, the necessity for specialized education of external and internal auditors is inevitable. Regarding the investigation of differences in the readiness to audit BCT between external and internal auditors in Croatia, the results confirmed that external auditors are more ready to audit BCT than internal auditors. Finally, research results confirmed that the application of advanced APs in audit engagements will increase the efficiency and effectiveness of companies’ business operations supported by the BCT.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA