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The Benefits Of Audit Digitalisation And The Effects On The Work Of Auditors

Author

Listed:
  • Andrada Lascău

    (West University of Timisoara , Faculty of Economics and Business Administration, Timisoara, Romania)

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.

Suggested Citation

  • Andrada Lascău, 2022. "The Benefits Of Audit Digitalisation And The Effects On The Work Of Auditors," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(50), pages 68-75, April.
    • Handle: RePEc:aio:aucsse:v:1:y:2022:i:50:p:68-75
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    File URL: http://feaa.ucv.ro/annals/v1_2022/008.pdf
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    More about this item

    Keywords

    Audit Quality; Social Distancing; Work of Auditors; Digitalisation;
    All these keywords.

    JEL classification:

    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • B26 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Financial Economics
    • F60 - International Economics - - Economic Impacts of Globalization - - - General

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