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Impact of the Fourth Industrial Revolution on Independent Auditors and Audit Practices

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  • Moustapha ABAKAR MOUSSA

Abstract

Objective: The objective of this study is to examine the effects of the emergence of digitization, linked to Industry 4.0, on accounting audit practices, independent auditors, and the audit profession in Turkey. \n Method: This quantitative study uses the snowball sampling method. Questionnaires were sent to independent auditors working in five large audit firms (Deloitte, KPMG, PWC, Ernst & Young). \n Results: The data analysis showed that the audit practices carried out in an Industry 4.0 environment were more effective and efficient. Independent auditors reported that digitization enabled them to conduct faster, more accurate and more reliable audits. They also indicated that digitization offered them new opportunities for professional development and collaboration with clients. \n Originality / relevance: This study contributes to the existing literature on the effects of Industry 4.0 on independent auditors, the audit profession, and its practices in Turkey. The study examines the effects of the emergence of digitization on the audit profession and its practices, which is important for audit firms, independent auditors, and regulators. In addition, the study was conducted in Turkey, thus providing a unique perspective on the effects of Industry 4.0 on audit practices in a specific regional context.

Suggested Citation

  • Moustapha ABAKAR MOUSSA, 2023. "Impact of the Fourth Industrial Revolution on Independent Auditors and Audit Practices," Journal of Academic Finance, RED research unit, university of Gabes, Tunisia, vol. 14(2), pages 79-98, December.
    • Handle: RePEc:jaf:journl:v:14:y:2023:i:2:n:700
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    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • N8 - Economic History - - Micro-Business History
    • G3 - Financial Economics - - Corporate Finance and Governance

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