Conceptual and Applied Aspects of Using Digital Technologies in Auditing Activities

The growing demand for high-quality and relevant auditing by the state, society, and business underscores the importance of digitalizing auditing practices. Enhancing the profession’s social and business standing, as well as upholding its core values, is paramount. This necessitates fostering an IT mindset among young professionals, helping them grasp the benefits of digital transformation, the potential of artificial intelligence, and the role of big data analytics in managing audit risks. This article aims to provide a retrospective analysis of the digital technologies currently in use and those with promising potential for automating audit processes. It also highlights the need to refine the methodology of digitalizing auditing and to introduce digital products that elevate the profession to a new level. The study examines the factors, challenges, and opportunities driving the acceleration of digitalization in auditing, drawing on analytical reviews, scientific research, and monitoring of digital technology adoption. The most soughtafter software tools, including those for related services, are identified. The work emphasizes the auditors’ high social responsibility for the accuracy of financial statements and the importance of expanding digital information resources. It underscores the need for increased research to provide a conceptual and applied foundation for digitalizing auditing. An examination of best practices reveals that digital solutions enhance not only financial statement audits but also the overall quality management system and the range of audit services. The introduction of new international audit quality management standards has significantly raised the requirements for digital technologies, audit networks, information and communication systems, and risk management. This analysis provides a valuable direction for improving the conceptual and applied aspects of using digital technologies in auditing.

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