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The Impact of Digitalization on Future Audits
Karlstad University, Faculty of Arts and Social Sciences (starting 2013), Karlstad Business School (from 2013).ORCID iD: 0000-0003-3181-7323
Karlstad University, Faculty of Arts and Social Sciences (starting 2013), Karlstad Business School (from 2013).ORCID iD: 0000-0002-4691-6327
2021 (English)In: Journal of Emerging Technologies in Accounting, ISSN 1554-1908, E-ISSN 1558-7940, Vol. 18, no 2, p. 77-97Article in journal (Refereed) Published
Abstract [en]

This study examines the future impact of digitalization on auditing by synthesizing empirical studies, relating them to surveys conducted by accounting bodies, and analyzing these findings in relation to extant literature. Based on the synthesis, this study proposes a transitional framework to enable the audit profession to remain competitive. The results show that digitalization may significantly affect the audit profession in the future. However, the impact is likely to be incremental rather than radical. To remain competitive, the audit profession needs to adopt new metrics, capabilities, skills, and evolve its business models to incorporate digital technologies. The contribution of this study is multifaceted. The propositions and research agenda presented in this study will be beneficial to academics, practitioners, audit regulators, and the general public as they have the potential to form a foundation for addressing future research questions and for the theorization and empirical testing of audit digitalization. [ABSTRACT FROM AUTHOR]

Place, publisher, year, edition, pages
American Accounting Association , 2021. Vol. 18, no 2, p. 77-97
Keywords [en]
Auditing, audit process, digitalisation, digital audit tools
National Category
Business Administration
Research subject
Business Administration
Identifiers
URN: urn:nbn:se:kau:diva-88187DOI: 10.2308/JETA-2020-063Scopus ID: 2-s2.0-85122240599OAI: oai:DiVA.org:kau-88187DiVA, id: diva2:1631789
Available from: 2022-01-25 Created: 2022-01-25 Last updated: 2022-03-07Bibliographically approved

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Fotoh, Lazarus EladLorentzon, Johan

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