The impact of digital transformation on audit quality : exploratory findings from a Delphi study
Author
al-Malih, Nisrim Muhammad Said
Source
Science Journal for Commercial Research
Issue
Vol. 42, Issue 3 (31 Jul. 2021), pp.9-36, 28 p.
Publisher
Menoufia University Faculty of Commerce
Publication Date
2021-07-31
Country of Publication
Egypt
No. of Pages
28
Main Subjects
Economics & Business Administration
Topics
Abstract EN
The study is designed to explore the effect of digitalization on audit quality.
To achieve this objective, A Delphi study with 20 projections about the quality of auditing related to digitalization was developed and evaluated by a panel of Egyptian auditors on two rounds.
Some of the results of this investigation showed that the respondents expect some major changes in the determinants of audit quality in the future as a result of digitalization especially when it comes to the qualifications of auditors, some audit procedures performed, and the timeliness of audit report.
Other findings demonstrate that experts do not see a dramatic impact of technological progress on the determinants of audit quality mainly in the areas related to the audits becoming less informative or obsolete thus making audit users lose trust in them, increasing the auditing expectation gab, or increasing the regulatory gap between auditing standards and the new business reality.
Among the issues that emerge from these findings is that advanced technologies such as big data analytics, artificial intelligence, blockchain technology, and Robotic process automation have the potential to decrease human involvement in the auditing process.
Thus it cannot be expected that the auditing profession will stay the same under the prevalence of digitalization.
American Psychological Association (APA)
al-Malih, Nisrim Muhammad Said. 2021. The impact of digital transformation on audit quality : exploratory findings from a Delphi study. Science Journal for Commercial Research،Vol. 42, no. 3, pp.9-36.
https://search.emarefa.net/detail/BIM-1360242
Modern Language Association (MLA)
al-Malih, Nisrim Muhammad Said. The impact of digital transformation on audit quality : exploratory findings from a Delphi study. Science Journal for Commercial Research Vol. 42, no. 3 (Jul. 2021), pp.9-36.
https://search.emarefa.net/detail/BIM-1360242
American Medical Association (AMA)
al-Malih, Nisrim Muhammad Said. The impact of digital transformation on audit quality : exploratory findings from a Delphi study. Science Journal for Commercial Research. 2021. Vol. 42, no. 3, pp.9-36.
https://search.emarefa.net/detail/BIM-1360242
Data Type
Journal Articles
Language
English
Notes
-
Record ID
BIM-1360242