Abstract
Digital business starts with the development of a new business model using digital technologies. Technological development and digitalization have had considerable influence on the globalization of the business world and led to structural changes that also affect the audit profession. In the era of digital transformation, companies must be fast to adapt to new circumstances and rely on IT audits. The aim of this paper is to discover to what extent auditors use digitalization in performing audits in Serbia. The research was conducted using a specially designed questionnaire, filled in by a total of 110 respondents. Smart PLS analysis was used for processing and analyzing the data. The findings show that as a result of digitalization, audit quality in Serbia is significantly positively affected by audit users’ perception changes, auditors’ work changes, and also auditors’ professional profile changes. Audit regulation changes as a result of digitalization do not have a significant impact on the quality of audits in Serbia. Bearing in mind that digitalization represents a challenge as well as an opportunity for audit, the obtained results reveal valuable information to all interested stakeholders that rely on the results of audit work in decision-making.
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Vuković, B., Jakšić, D., Tica, T. (2023). The Impact of Digitalization on Audit. In: Benković, S., Labus, A., Milosavljević, M. (eds) Digital Transformation of the Financial Industry. Contributions to Finance and Accounting. Springer, Cham. https://doi.org/10.1007/978-3-031-23269-5_3
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