Impact of Technological Advancements on Auditing of Financial Statements

Abstract

Purpose: This study sought to analyse the impacts of technological advances and innovations on auditing of financial statements. Design/Methodology/Approach: The research methodology is qualitative, drawing on interpretive and constructivist perspective. In doing so, answers the question of how the auditing has been impacted by information technology. It exercises content analysis on data gathered from corporate webpages of larger auditing firms predominantly the Big Four, Webinar organized by one of the Big four firms on October 2022, Data from 13th Ibracon Conference organized by Institute of Independent Auditors of Brazil in June 2023 and documents comprising the International Auditing Standards (ISA) and at the end categorizing analysis into templates.