The Digital Transformation of Auditing and the Evolution of the Internal Audit

This book provides a global vision of the evolution of internal auditing in a fast-changing business landscape driven by digital transformation. It explores how digitalization has an impact on the audit environment, internal audit practices, IT/IS audit, IT governance, and risk management. It also investigates the impact of the COVID-19 pandemic on internal auditing and highlights the need for a new vision and renewed forecasting tools.

Format: Hardback
Length: 195 pages
Publication date: 18 October 2022
Publisher: Taylor & Francis Ltd

The main objective of this book is to provide both academics and practitioners with a comprehensive and up-to-date understanding of the evolution of internal auditing in a rapidly changing business landscape driven by digital transformation. Digital transformation has been closely linked to the emergence and rapid development of new technologies, including artificial intelligence, blockchain, cloud computing, data analytics, predictive analytics, robotic process automation, IoT, and drones. Beyond the technological aspects, this transformation has far-reaching implications for businesses, organizations, and processes, raising numerous questions for auditing activities.

This book delves into the multifaceted impact of digitalization on the audit environment, internal audit practices, information technology (IT)/information system (IS) audit, IT governance, and risk management. It explores how digitalization not only transforms the audit landscape but also influences the methodologies, processes, and tools employed in conducting audits. Recognizing the evolving challenges faced by the auditing profession, auditors must develop new skills and adapt their approaches to ensure the delivery of high-quality services in this dynamic environment.

Internal audit, as a critical strategic function, must undergo a corresponding evolution to remain relevant and effective. The book also investigates the profound impact of the COVID-19 pandemic on internal auditing. The author emphasizes the urgent need for a new vision and innovative forecasting tools to navigate the post-COVID-19 business and corporate world. The pandemic has brought about significant changes, and internal audit must adapt to these changes to remain integral to organizational success.

In conclusion, this book offers a comprehensive and insightful exploration of the evolution of internal auditing in the context of digital transformation. It provides valuable insights for academics, practitioners, and policymakers alike. By examining the impact of digitalization, the COVID-19 pandemic, and the need for adaptation, the book contributes to the advancement of the auditing profession and enhances the understanding of internal auditing's role in driving organizational performance and governance in a rapidly changing world.

Weight: 548g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032103914