Examining the Role of Technology-Driven Auditing in Strengthening Risk Assessment and Control Procedures

Posted: Feb 03, 2023

• Miles Becker
• Annalise Barrett
• Brody Steele

Abstract

The contemporary business landscape is characterized by unprecedented complexity, digital transformation, and evolving regulatory requirements, creating new challenges for traditional auditing methodologies. Conventional audit approaches, largely reliant on periodic sampling and manual verification processes, increasingly demonstrate limitations in effectively identifying and assessing risks in real-time operational environments. This research addresses the critical need for innovative auditing frameworks that leverage technological advancements to enhance risk assessment accuracy and control procedure effectiveness. The fundamental research question guiding this investigation examines how technology-driven auditing methodologies can transform risk assessment paradigms and strengthen organizational control environments beyond the capabilities of traditional approaches.