Auditing Profession in the Age of Artificial Intelligence, Digital and Technological Economies

Abstract

 This article aims to examine the impact of emerging technologies on the auditing profession. Information technology, through its tools, methods, and mechanisms, influences auditing both indirectly via the accounting profession and directly within the auditing profession itself as a complementary discipline. The integration of information technology has a positive effect on auditors and audit practices, contributing to the mitigation of several challenges facing the profession. Specifically, it supports the development of auditing, enables it to keep pace with contemporary advancements, enhances auditors’ ability to address professional challenges, narrows the audit expectations gap, mitigates negative effects, reduces audit risk, and ultimately improves the effectiveness and efficiency of the audit process.