Internal Auditing in the Digital Era: Roles, Technologies and Practices

Abstract

In the digital era where technology plays a significant role in driving businesses, internal auditing has been greatly developed to respond to this change. The role of internal auditing is no longer limited to financial auditing or regulatory compliance, but also covers cyber risk assessment, which is any action or operation through the use of information systems or networks that can cause damage to internal information systems, networks, or data, including data security and risks arising from the use of new technologies such as artificial intelligence (AI) and big data analysis, which are any large data sets that are stored in various ways. In addition, automated technology and advanced analytical tools help the internal audit process be efficient, increase accuracy, and analyze large amounts of data and complex data in a short time, allowing the work process to be continuous and produce fast results, meeting the expectations of executives and stakeholders in a timely manner.