THE BENEFITS OF AUDIT DIGITALISATION AND THE EFFECTS ON THE WORK OF AUDITORS

Andrada Lascău
Additional contact information
Andrada Lascău: West University of Timisoara , Faculty of Economics and Business Administration, Timisoara, Romania

Annals of University of Craiova - Economic Sciences Series, 2022, vol. 1, issue 50, 68-75

Abstract: The business environment is changing faster than ever, with technology disruptions and recreating the way companies perform basic processes. Digital adoption means improved quality and greater transparency, shorter audit cycle times, reduced errors and lack of services. It is more than a transformation of technology. Through all the changes such as the acceleration of administrative tasks and digital investments, all contribute in optimizing efficiency, so that professional auditors can focus on more strategic areas of their roles and, in turn, add more value to shareholders. This paper describes what digitization means and how it is perceived, what is the effect of the work of auditors and what will be the impact it will have in the future.The digital transformation of processes consists in adapting the company's processes to the new digital environment. By automating processes, it means that all information is stored and available in the digital version.

Keywords: Audit Quality; Social Distancing; Work of Auditors; Digitalisation (search for similar items in EconPapers)
JEL-codes: B26 F60 M42 (search for similar items in EconPapers)
Date: 2022
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://feaa.ucv.ro/annals/v1_2022/008.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2022:i:50:p:68-75

Access Statistics for this article

Annals of University of Craiova - Economic Sciences Series is currently edited by Sorinel Domnisoru

More articles in Annals of University of Craiova - Economic Sciences Series from University of Craiova, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Anca Bandoi ( this e-mail address is bad, please contact ).