Digital Audit Research Articles

Implementation of Digitization Audit Reporting for Supports Performance LPSQ Function at PT.XXX

Loss Prevention Safety and Quality/Designed Person Ashore (LPSQ/DPA) is responsible for ensuring safety elements on Pertamina International Shipping vessels and ensuring the fulfillment of maritime-worthy documents before ships set sail. This research aims to identify the challenges faced by PT.XXX in implementing digital audit reporting to support the performance of the LPSQ Function and to determine the benefits of implementing digital audit reporting on the performance of the LPSQ Function at PT.XXX. The research method used in this study is a qualitative descriptive approach. Data collection techniques include interviews with internal and external sources, observations, and documentation. Data analysis techniques involve data reduction, data presentation, and drawing research conclusions. Data validity testing includes credibility testing, source and technique triangulation, and member checking. This research reveals several challenges in the data grouping process, human errors, and server downtime. The benefits of implementing digital audit reporting on the performance of the LPSQ Function at PT.XXX include improved audit planning compliance and audit execution fulfillment, resulting in improvements in the audit reporting phase. The improvements obtained from using this application include easy presentation of audit results and more effective and efficient data delivery to audit leaders.

The Implications of Digital Audit Practice, Management Support and Team Support on Auditor Performance

ABSTRACT Purpose: This study intends to examine whether Research Universities (RUs) provide more Integrated reporting (IR) disclosure levels than non-Research Universities (RUs) in Malaysia. The evaluation is supported by signalling and institutional theories. Design/Methodology/Approach: This research utilises quantitative content analysis of 16 public universities’ annual reports in Malaysia from 2016-2018. Findings: The result reveals that Malaysian RUs deliver better IR disclosure levels than non-RUs. RUs are expected to disclose a great deal as to communicate their accountability. Signalling theory shows that the RUs expose higher IR disclosure levels to signal their distinction and reputational edge in contrast to non-RUs. The hypothesis is in line with the institutional theory because RUs are compelled to report in a superior format because they are pressured to perform well and be ranked highly. Research Limitation: This study is limited to the accessible annual reports of Malaysian public universities. Practical Implication: The results provide insights for policymakers to adopt IR framework in the public sector, in this case - Malaysian public universities as to communicate the organizations' value creation to various stakeholders Originality/Value: This paper is among the few publications that study the financial reporting of public sectors in Malaysia, focusing on Malaysian public universities. Furthermore, this study is among the early studies investigating the trendy issue of the potential adoption of the IR approach in Malaysian public universities. Keywords: Integrated reporting, research universities, non-research universities, signalling theory, institutional theory

Study on the Impact of Digital Transformation on Audit Risks of Accounting Firms: The Case of Grant Thornton

As the external environment changes, digital transformation is becoming increasingly necessary for accounting firms. Firstly the '14th Five-Year Plan' for the development of the digital economy emphasizes the importance of accelerating the digitalization of the industry. Secondly audit plays an important third-party supervisory role in the capital market and the volume of audit engagements has been growing in recent years, but the corresponding increase in audit risk due to manpower shortage, lack of time and limited resources. Finally the outbreak of the new crown epidemic reveals the problem of unenforceable on-site audits, which affects investor effectiveness and capital market efficiency. Therefore, it is important to study the impact of audit risk in accounting firms from the perspective of digital transformation to promote the digital transformation of accounting firms. In this paper, we take the example of Grant Thornton, which has a long history of development, comprehensive business lines, and is a pioneer and leader in promoting digital reform among domestic accounting firm, and is representative in digital reform. This paper firstly reveals the advantages of digital audit in the digital economy by comparing traditional audit and digital audit; secondly, it analyzes the impact mechanism of digital transformation on audit risk in accounting firms; then it examines what measures accounting firms can take to reduce audit risk, improve audit efficiency and save audit cost in the context of digital transformation. Finally, the problems of digital transformation of accounting firms are explored, and corresponding suggestions and measures are proposed. This has important guiding significance for promoting digital reform in the audit industry.

EFFECT OF AUDIT STANDARD COMPLIANCE, DIGITAL AUDIT, TIME BUDGET PRESSURE ON RED FLAG AND AUDIT DELAY

The purpose of this study was to test the ability of red flags as mediation of audit delay. This research was conducted because it is to test that red flags are signs of fraud or indications of fraud that auditors must pay attention to avoid audit delay. A total of 40 questionnaires were distributed to auditors from junior to partner level, but only 37 questionnaires were returned and processed. Hypothesis testing in this study uses analysis with the SmartPLS application with the Outer Model and Inner Model Test. The results showed that red flag is a mediation showing that red flag has a significant effect on audit delay. This shows that in the presence of red flags, auditors must be more careful and take immediate action to prevent audit delay through the variables tested, namely, Audit Standards Compliance, Digital Audit, Time Budget Pressure. Audit delay can occur due to red flags so that the auditor's decision to make a decision to provide an opinion will take a longer time.

Development and sustainability of a digital auditing program to support national antimicrobial surveillance

Development and sustainability of a digital auditing program to support national antimicrobial surveillance

Construction and Application of Digital System in the Field of Financial Auditing in Colleges and Universities

Nowadays, people have entered the digital age, and the development of digital technology has changed the traditional production methods and promoted industrial upgrading. With the continuous deepening of information construction, digital auditing has begun to be widely used in financial auditing. This paper analyzes the current situation of financial auditing under digital conditions and puts forward measures for the effective application of digital auditing in financial auditing based on the current situation. On this basis, this paper expounds the framework and composition of university financial digital platform construction, and then analyzes the specific application methods of university financial digitalization, including financial information digitalization, financial management process digitalization, business digitalization, etc. made some suggestions. Through the research, I hope to provide some help and inspiration for the application of financial digitization in colleges and universities.

THE EFFECT OF APPLICATION OF AUDIT DIGITALIZATION ON AUDITOR PERFORMANCE WITH PROFESSIONAL ETHICS AS A MODERATION VARIABLE

In recent years, digitalization has transformed various aspects of business operations, including the field of auditing. The integration of digital technologies in audit processes has the potential to enhance efficiency, accuracy, and overall performance. As organizations increasingly adopt digital audit practices, it becomes essential to examine the impact of digitalization on auditor performance. The objective of this research is to assess the impact of digitalization audits on auditor performance. The study focuses on a public accounting firm located in Central Java, comprising a total of 24 individuals. Primary data was collected for this research. The population considered was the entire group of auditors working in public accounting offices in Central Java. Purposive sampling method was employed, resulting in a sample size of 60 auditors. Data was collected through questionnaires distributed directly to auditors in the public accounting offices in Central Java. Multiple linear regression analysis was used to analyze the data. The data analysis techniques included classic assumption testing, multiple linear analysis, t-test, F-test, coefficient determination (R2), and regression analysis with a moderating variable. The results of the research indicate that audit digitization has a significantly positive influence on auditor performance. However, professional ethics was found to have no moderating effect on the influence of audit digitization on auditor performance in public accounting firms in Central Java.

Artificial Intelligence In The Big Data Era And Digital Audit

The technology industry has entered the 4.0 era, also known as the Artificial Intelligence (AI) era, which has greatly affected various aspects of human life, particularly with the advancement and growth of big data. The integration of AI in our daily lives, including accounting, has made work more efficient, but also brought both positive and negative impacts. The accounting industry is moving towards the digital audit era, which has transformed the perspective of auditors by digitizing their work and making it easier to access and analyze data. This study aims to investigate the impact of AI development on big data and digital audit, the implications of the gap between big data technology and AI and digital audit, as well as the improvement of auditor's work quality and efficiency due to AI and big data technology. The study utilized both quantitative and qualitative research methods, and concludes that the development of Artificial Intelligence has a significant impact on the work of auditors. However, the study acknowledges its limitations, such as the restricted sample size and time constraints which limited the data analysis to multiple linear regression analysis.

Transformation of accounting in the digital economy and prospects for its development

The article examines the features of the digital economy, analyzes its implementation in the Republic of Kazakhstan with the study of domestic and world statistics. The authors present the technologies and methods of digitalization of accounting. The paper presents the blockchain technology, a flowchart of the technology is given, its features, advantages and problems of implementation are analyzed. Blockchain technology makes it possible to apply in accounting procedures such as triple entry, digital audit, smart contracts, cloud data storage, use of transactions, exclusion of unconfirmed expenses and others. Along with the undoubted advantages of using blockchain technologies, it is necessary to name a number of problems related to their implementation, primarily in the field of regulatory support, ensuring the availability of competent specialists, as well as their training, investment and management systems. The authors propose directions for the introduction and development of digital technologies in accounting, including changing the accounting system, using a digital asset, expanding the qualitative and quantitative characteristics of "leased assets", the use of new digital currencies, and improving the skills of accounting personnel. Currently, it is necessary to actively develop the use of digital technologies in the field of accounting, since this is becoming one of the necessary conditions for maintaining the competitiveness of organizations. The purpose of this article is to study the main indicators of the development of the digital economy in the Republic of Kazakhstan, to analyze the problems in the field of digitalization in accounting, as well as to identify the main ways and factors of the development of digital accounting.

A Review and Evolution of Digital Audit on Auditor Performance

Purpose: The study aims to understand the role of the external auditor in the adoption of digital audit in Malaysia. Design/Methodology/Approach: A literature review was conducted to provide comprehensive knowledge to determine the factors impacting the effectiveness of digital audit. The Technology to Performance Chain (TPC) model outlines how technical developments affect individual performance levels in the implementation of digital audit. Adopting technological tools for digital audit could enhance the efficiency and effectiveness of an auditor’s job performance in auditing. Findings: A conceptual framework comprising factors impacting the adoption of digital audit effectiveness in Malaysia was proposed based on previous studies and the transition from manual to automated audit tasks in digital audit. Practical Implications: Regulators need to provide a detailed framework for auditors on the importance of adopting digital audit during audit tasks. Secondly, the regulators need to emphasise the requirement of audit standards to achieve the objectives. Finally, the lack of empirical research on the role and effectiveness of digital audit highlights the need to develop an appropriate methodology to enhance the adoption of digital audit. Originality/Value: The regulators ensure compliance with audit standards on the adoption of digital audit to enhance auditors’ performance. The issues that require further investigation were identified to determine the factors that affect digital audit practices. The study also examined the elements influencing the effectiveness of digital audit presented in one framework. Keywords: Auditor, digital audit, technology performance chain model, audit tasks

Imperative Role of Integrating Digitalization in the Firms Finance: A Technological Perspective

Financial management is a critical aspect of firms, and entails the strategic planning, direction, and control of financial endeavors. Risk assessment, fraud detection, wealth management, online transactions, customized bond scheme, customer retention, virtual assistant and so on, are a few of the critical areas where Industry 4.0 technologies intervention are highly required for managing firms' finance. It has been identified from the previous studies that they are limited studies that have addressed the significance and application of integrating of Industry 4.0 technologies such as Internet of Things (IoT), cloud computing, big data, robotic process automation (RPA), artificial intelligence (AI), Blockchain, Digital twin, and Metaverse. With the motivation from the above aspects, this study aims to discuss the role of these technologies in the area of financial management of a firm. Based up on the analysis, it has been concluded that these technologies assist to credit risk management based on real-time data; financial data analytics of risk assessment, digital finance, digital auditing, fraud detection, and AI- and IoT- based virtual assistants. This study recommended that digital technologies be deeply integrated into the financial sector to improve service quality and accessibility, as well as the creation of innovative rules that allow for healthy competition among market participants.

Digital transformation in Audit Function

Digital Audit will create an environment of zero-paper trail and go completely paperless and faceless. This article emphasises how the digital platforms support real-time monitoring of the client’s data based on Enterprise Resource Planning (ERP) and statutory authorities’ portals like MCA, GST, TRACES etc and of course use of internet/e-mail/cloud computing for transferring/obtaining electronic data required for audit purposes. An Auditor can easily complete about 70 per cent of the Audit work digitally without visiting the client’s premises provided the client is equally equipped with all modern electronic facilities.

Auditors’ perceptions on work adaptability in remote audit: a COVID-19 perspective

In the context of COVID-19, adoption of teleworking challenges companies' culture and social interaction to foster a creative and innovative workplace. The article aims to identify the auditors’ perception of different factors that influence work adaptability in remote audit activity. The research method is based on multivariate data analysis that consist of correspondence analysis, exploratory factor analysis, confirmatory factor analysis and generalised linear ordinal regression. On one hand, findings emphasise that auditors’ perception on the work efficiency of auditors in remote audits is significantly influenced by the digitalization degree of audit activities. On the other hand, the research outlines the main threats and opportunities of remote auditing in the context of the current pandemic restrictions. Where auditors perceive the benefits of remote audit, they appreciate positively the degree of adaptability and work efficiency as regards teleworking. Opportunities perceived lead to enhanced audit activity outcome if audit companies embrace emergent technologies in the new digital workplace. Nevertheless, as transition to remote audit determines increased auditors’ liability and audit risks, auditors are more cautious and sometimes reluctant about future scenarios of remote audit, if innovative emerging audit technologies and integrated GRCs are not used or are not properly implemented. Whatever the future holds for the new digital audit workplace, it is obvious that auditors working from home face specific challenges, because what they earn in efficiency, they lose in benefits that are harder to quantify, such as innovative thinking and creativity.

A digital audit of emergency upper gastrointestinal fluoroscopy workflow in children with bilious vomiting.

BackgroundBilious vomiting in children requires an urgent evaluation with upper gastrointestinal (UGI) fluoroscopy as it may herald life-threatening midgut malrotation with volvulus (MMWV). There are no published data available on the duration of time-critical UGI workflow steps.ObjectivesA digital audit of workflow in emergency UGI contrast studies performed on children with bile-stained vomiting at a large South African teaching hospital.MethodA retrospective study was conducted from 01 May 2012 – 31 May 2019. A customised search of the institutional radiology information system (RIS) defined all children with bilious vomiting who underwent emergency UGI fluoroscopy. Extracted RIS timestamps were used to calculate the median duration of the ‘approval’, ‘waiting’, ‘study’ and ‘reporting’ times. One-way analysis of variance and Chi-squared tests assessed the association between key parameters and the duration of workflow steps, with 5% significance (p < 0.05).ResultsThirty-seven patients (n = 37) with median age 0.8 months were included, of whom 20 (54%) had an abnormal C-loop. The median ‘total time’ from physician request to report distribution was 107 min (interquartile range [IQR]: 67−173). The median ‘approval’ (6 min; IQR: 1–15) and ‘reporting’ (38 min; IQR: 17–91) times were the shortest and longest workflow steps, respectively. Abnormal C-loops (p = 0.04) and consultant referrals (p = 0.03) were associated with shorter ‘approval’ times. The neonatal ‘waiting’ time was significantly longer than that for older patients (p = 0.02).ConclusionThe modern RIS is an excellent tool for time-critical workflow analyses, which can inform interventions for improved service delivery.

PROCEDURAL AND ACCOUNTING TRANSFORMATION AS AN IMPERATIVE STAGE OF DIGITAL AUDIT

The current state and prospects of digital audit implementation are studied. The content and specifics of the process of accounting transformation, its stages, features of implementation in terms of exchange of large arrays of information are highlighted. The main problems that create microprocesses of manual accounting and administration in the framework of outdated methods of transmission of accounting data are revealed. It is proved that the implemented automation of microprocesses, starting from the level of information exchange, is the primary but imperative stage of the transition to digital audit.

A Framework for Information Technology Auditing in Corporate Digital Operations

This paper provides a conceptual framework for auditing in digital operations. It aims to create and position digital auditing framework as a pragmatic lens for organisations in the embryonic, growth and established stage of digitalisation. The paper applies a conceptual approach by engaging in a brief conceptual review, thereafter, relying on extant literature and professional documents, the paper creates a maiden framework for digital auditing, which contributes to the literature on information technology auditing. Accordingly, this paper provides a digital auditing framework for professionals, academics, and researchers; in addition, it provides an agenda for further research to develop this initial framework by adding more encompassing nodes of digital auditing technological imperatives.

ЭЛЕКТРОННОЕ ПОРТФОЛИО СТУДЕНТА КАК ИНСТРУМЕНТ ПОВЫШЕНИЯ КАЧЕСТВА ЭКОНОМИЧЕСКОГО ОБРАЗОВАНИЯ

The article proposes a solution to the scientific and technical problem of improving the mechanism for monitoring the progress of a student at a university through the design of a model of an electronic portfolio of a student. The authors applied functional modeling in the style of a mind map, on the basis of which a formalized portfolio map was built. In the long term, this implies the correction of the educational platform of the university in the direction of expanding its functionality with a digital audit tool of the process of forming the professional competencies of the future graduate.

Research and Application of Analysis System in Material Field by Digital Audit and Artificial Intelligence

In the material management process of large power companies, there are frequent withdrawals from the library to modify the age of the warehouse, resulting in a substantial backlog of materials. In view of the huge amount of data and multiple analysis dimensions in the process of auditing and screening such problems, the research and development is based on digitalization. The automatic analysis system in the field of audit materials, through the comprehensive cross-analysis of engineering information, financial data, and material data, can quickly determine the data of the false profit pool, and significantly improve the quality and efficiency of the audit. According to the screening results, the material management department is urged to deploy the stockpiled materials in the library to promote the efficient turnover of materials.

THE ADMISSIBILITY OF EARTH OBSERVATION DATA IN LEGAL PROCEEDINGS: A CLOSER LOOK TOWARDS DATA IMAGING

Space capabilities utilization, specifically Earth observation capabilities is not just limited to environmental protection and disaster mitigation, as was shown in the UN Principles on Remote Sensing. It can also be used to support law enforcement and legal proceedings in court. However, the technology of Earth observation is very complex and the process from primary earth observation data to analyzed information requires a degree of manipulation to create comprehensive data. Because of this, there is an issue of admissibility of Earth observation data in court. This article would like to answer the fundamental question on how can this data be admissible, beginning with the procedure to obtain it and to ensure the authenticity of the data, and finds that there are methods of Data Imaging and Digital Audit that may ensure its authenticity. It will also find that obtaining this data for evidence requires a process of special agreement that needs to be looked at more in the future.

Geoinformation system as a controlling tool for External State Audit Bodies

The Author justifies the needs of introducing Geo-Informational Systems into the daily activities of The External State Audit Bodies by revealing the concepts of both controlling and digital audit applications. With the development of introducing digital auditing into The Accounting Chamber of The Russian Federation along with Russia’s leadership role in INTOSAI, the time has come to modernize our information systems for the 21st century and beyond.