TRANSFORMATION OF AUDIT SERVICE

Abstract

 In this paper, the authors attempt to formulate a new definition
of the concept of modern audit as a process in which internal auditors use
information and communication technologies (ICT) in conjunction with
analytical procedures to collect electronic evidence, interact with the auditee,
and prepare a report on the reliability of financial data and internal control
systems regardless of the auditor's physical location. Based on research on
virtual teams and analysis of internal audit activities, we present a research
framework that defines the areas in which ICT and automated audit analytics
allow auditors to work remotely, reduce travel expenses and wait times, and
improve efficiency and coverage.