An Assessment of The Future Of Accounting Auditing in The Metaverse World

Abstract

ABSTRACT The pandemic experienced in recent years has prompted people who avoid coming together to seek to do all their social or economic activities without getting involved in society. This situation revealed the existence of virtual environments and directed individuals to these environments. Thus, models such as virtual wedding ceremonies, virtual houses of worship, virtual parties, virtual museums, virtual meetings have begun to form. These models, called digital twins, have become increasingly common in terms of both products, processes and services. Inventions related to virtual reality and augmented virtual reality devices have developed in parallel with the rapid progress of technological developments and have begun to spread throughout the world. The concept of Metaverse, which has gained importance in the scope of reality and augmented reality, has emerged with this spread and its development has begun to be felt in many areas. Since Metaverse allows the internal audit process to be carried out on virtual economic activities and operations with virtual reality and augmented reality devices, it has two important effects on audit in this aspect. The first of these effects is that it reveals the need to develop and update audit methods; the second is that Metaverse technology performs tasks in the audit in terms of self-examination and approval. In this context, the main objective of the study is to reveal how the Metaverse is reflected in the audit and the situation regarding its future, taking into account the potential impact of the accounting audit process, audit planning and evidence collection. In this context, a literature review was conducted on the subject and conceptual evaluations were made.