Affiliation:
1. International Auditing and Assurance Standards Board
2. Ulm University
3. Founders Intelligence
Abstract
ABSTRACT
The study at hand develops the Audit and Assurance Value Chain as a structured framework with four categories: accessing information and data, verifying information, protecting information, and assessing internal controls. After development of the Audit and Assurance Value Chain, it was utilized to categorize emerging technologies derived out of investigations of more than 100 technology innovator companies and interviews with 23 organizations comprising audit and assurance practitioners, regulators, associations, and national standard-setters. The study is based on global data coverage to identify emerging technologies that have not been connected to audit and assurance services before, bringing new insights to the field. Additionally, it emphasizes the importance of the International Auditing and Assurance Standards Board convening power and influence in promoting the adoption of emerging technologies.
JEL Classification: M40; M41; M42; O30; O32; O33.
Publisher
American Accounting Association
Reference59 articles.
1. Using drones in internal and external audits: An exploratory framework;Appelbaum,;Journal of Emerging Technologies in Accounting,2017
2. The data analytics journey: Interactions among auditors, managers, regulation, and technology;Austin,;Contemporary Accounting Research,2021
3. The robots are coming…but aren’t here yet: The use of artificial intelligence technologies in the public accounting profession;Bakarich,;Journal of Emerging Technologies in Accounting,2021
4. Data visualization in local accounting firms: Is slow technology adaption rational?;Buchheit,;Current Issues in Auditing,2020
5. Process mining of event logs: A case study evaluating internal control effectiveness;Chiu,;Accounting Horizons,2019