Digitalization Directions within Financial Audit Missions
The current economic dynamics as well as the volatility of the markets or of certain sectors of activity explain the current increasingly pressing need to access complete and updated information on the financial statements of the analyzed organizations. The financial auditor has the necessary expert...
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| Format: | Article |
| Language: | English |
| Published: |
Chamber of Financial Auditors of Romania
2025-02-01
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| Series: | Audit Financiar |
| Subjects: | |
| Online Access: | http://revista.cafr.ro/temp/Article_9790.pdf |
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| _version_ | 1823860337801166848 |
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| author | Dragos Ovidiu TOFAN Dinu AIRINEI |
| author_facet | Dragos Ovidiu TOFAN Dinu AIRINEI |
| author_sort | Dragos Ovidiu TOFAN |
| collection | DOAJ |
| description | The current economic dynamics as well as the volatility of the markets or of certain sectors of activity explain the current increasingly pressing need to access complete and updated information on the financial statements of the analyzed organizations. The financial auditor has the necessary expertise to respond to such a desire, but he must rely on new tools dedicated to data processing in order to overcome certain barriers determined by the current information complexity. The paper captures some of the directions of digitalization in carrying out audit missions by revealing advantages and also challenges specific to such innovations. Thus, concrete examples are given, depending on the stages of the financial audit, such as the auditor's own controls or the collection of evidence, processes to which digitalization contributes significantly but also a series of conditions regarding the opportunity, ethics or legal compliance of such technologies. |
| format | Article |
| id | doaj-art-49ae798aa202411aa85a98e29bf0bd2c |
| institution | Kabale University |
| issn | 1583-5812 1844-8801 |
| language | English |
| publishDate | 2025-02-01 |
| publisher | Chamber of Financial Auditors of Romania |
| record_format | Article |
| series | Audit Financiar |
| spelling | doaj-art-49ae798aa202411aa85a98e29bf0bd2c2025-02-10T15:21:47ZengChamber of Financial Auditors of RomaniaAudit Financiar1583-58121844-88012025-02-01231(177)15216310.20869/AUDITF/2025/177/003Digitalization Directions within Financial Audit MissionsDragos Ovidiu TOFAN0Dinu AIRINEI1"Alexandru Ioan Cuza" University of Iasi, Romania"Alexandru Ioan Cuza" University of Iasi, RomaniaThe current economic dynamics as well as the volatility of the markets or of certain sectors of activity explain the current increasingly pressing need to access complete and updated information on the financial statements of the analyzed organizations. The financial auditor has the necessary expertise to respond to such a desire, but he must rely on new tools dedicated to data processing in order to overcome certain barriers determined by the current information complexity. The paper captures some of the directions of digitalization in carrying out audit missions by revealing advantages and also challenges specific to such innovations. Thus, concrete examples are given, depending on the stages of the financial audit, such as the auditor's own controls or the collection of evidence, processes to which digitalization contributes significantly but also a series of conditions regarding the opportunity, ethics or legal compliance of such technologies.http://revista.cafr.ro/temp/Article_9790.pdfdata analyticsprocess automationbusiness intelligencedigital audit |
| spellingShingle | Dragos Ovidiu TOFAN Dinu AIRINEI Digitalization Directions within Financial Audit Missions Audit Financiar data analytics process automation business intelligence digital audit |
| title | Digitalization Directions within Financial Audit Missions |
| title_full | Digitalization Directions within Financial Audit Missions |
| title_fullStr | Digitalization Directions within Financial Audit Missions |
| title_full_unstemmed | Digitalization Directions within Financial Audit Missions |
| title_short | Digitalization Directions within Financial Audit Missions |
| title_sort | digitalization directions within financial audit missions |
| topic | data analytics process automation business intelligence digital audit |
| url | http://revista.cafr.ro/temp/Article_9790.pdf |
| work_keys_str_mv | AT dragosovidiutofan digitalizationdirectionswithinfinancialauditmissions AT dinuairinei digitalizationdirectionswithinfinancialauditmissions |