Agrarian Economy 2023 Т. 16 № 3-4: 68-75

IMPACT OF DIGITAL TECHNOLOGIES ON AUDIT

Yankovska K., Candidate of Economic Sciences (PhD)
ORCID ID: 0000-0001-7371-1178
Lviv National Environmental University

https://doi.org/10.31734/agrarecon2023.03-04.068

ANNOTATION

The article studies important aspects of digitalization that affect conducting audits. The need for auditors to adapt to digital innovations to improve the quality and efficiency of audit services in the modern digital environment is indicated. Digital technologies require auditors to possess more technical competence, analytical skills, and the ability to effectively use new tools for data collecting and processing. Digital tools facilitate better communication between auditors and clients, ensuring a more transparent exchange of information and enhancing levels of mutual understanding. The work defines challenges associated with the integration of digital technologies into modern audit processes, particularly the need to ensure cybersecurity; challenges in the use of artificial intelligence, and the need to train staff to use the advanced technologies. The author analyzes the impact of the use of various types of digital technologies on conducting audits, including automation, data analytics, cloud technologies, cybersecurity, blockchain, and artificial intelligence. Blockchain technology has been thoroughly examined. It plays a pivotal role in ensuring transparency, authenticity, and data integrity in audits. The advantages and disadvantages of employing blockchain technology in audits have been pointed out. It is proved that blockchain technology allows auditors to audit financial transactions online which ensures a high level of data reliability and security. The advantages of using cloud technologies in conducting audits are revealed. It has been argued that their utilization assists auditors in effectively and securely managing data, increasing productivity, and enhancing the quality of their work. The research substantiates that the use of digital technologies contributes to enhancing the audit process, facilitating a more precise and efficient analysis of financial data, increasing speed, and reducing cost.

KEY WORDS

audit, digital technologies, digital economy, blockchain, artificial intelligence, cloud technologies

FULL TEXT

LINK

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