Abstract
It was very difficult to predict the global pandemic caused by the new coronavirus COVID-19 disease that spread around the world. There is no doubt that the pandemic will have a serious impact on worldwide economy because besides causing a health crisis, the pandemic threatens to generate an economic and financial crisis. Therefore, the management of service providing entities were faced with a challenge of finding a model to perform their business activities and take care of the employees' health at the same time. This paper discusses possible solutions related to internal audit as a service providing profession. The research findings in the field have led to the conclusion that auditors can take advantage of this business environment to undergo complete digital transformation and make extensive use of remote auditing, since the function of internal audit can be further improved by using new information and communication technologies. The results of the research, which was focused on the opinions of certified internal auditors from the Republic of Serbia, showed that the advantages of remote auditing in internal audit outweighed the disadvantages. During the pandemic, the quality level of performed audits either increased or stayed the same, as well as the level of trust of audit client management, whereas savings in time and a decrease of travel-related costs were substantial.
Publisher
Centre for Evaluation in Education and Science (CEON/CEES)
Reference35 articles.
1. Abu Saleem, K. (2021). The impact of the coronavirus pandemic on auditing quality in Jordan. International Journal of Innovation, Creativity and Change, 15(4), 31-40. Retrieved January 10, 2022, from https://www. ijicc.net/images/Vol_15/Iss_4/15403_Saleem_2021_E1_R.pdf;
2. Adnan, A., & Hasan , M. (2021). The emergence od COVID-19 and capital market reaction: An emerging market scenario analysis. Asian Academy of Management Journal of Accounting and Finance. 17(1), 35-61. https:// doi.org/10.21315/aamjaf2021.17.1.2.;
3. Agoglia, C., & Krishnan, J. (2022). Research forum on COVID-19: Implications for audits and the audit profession. AUDITING: A Journal of Practice & Theory. 41(1), 1. https://doi.org/10.2308/ajpt-10805.;
4. Albitar, K., Gerged, A., Kikhia, H., & Hussainey, K. (2020). Auditing in times of social distancing: The effect of COVID-19 on auditing quality. International Journal of Accounting and Information Management. 1(1), 1-13. https://doi.org/10.1108/IJAIM-08-2020-0128.;
5. Audit Board. (2020). Internal Audit -COVID-19 Response strategy: Evolving internal audit practices for success. Retrieved November 1, 2021, from https://www.auditboard.com/blog/covid-19-response-strategyinternal-audit-practices.;
Cited by
1 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献