THE IMPACT OF DIGITALIZATION ON STATUTORY AUDITING IN SERBIA


DOI: https://doi.org/10.15308/finiz-2024-8-14
Authors:
Jelena Gruslav
Miroslav Perić
Goranka Knežević

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Keywords:
digitalization, audit, Serbia, technology, skills, cyber security


Abstract:
Digitalization is profoundly transforming audit operations in Serbia, significantly enhancing the efficiency, accuracy, and speed of audit processes. This paper investigates how the adoption of digital tools and technologies is reshaping traditional audit methodologies, including the integration of data analytics, automated systems, and blockchain technology. It examines the evolving skill requirements for auditors, who must now navigate complex digital environments and address emerging challenges such as cybersecurity threats and the need for continuous improvement. While digitalization offers substantial benefits, such as increased data precision and streamlined workflows, it also necessitates substantial adaptation. Firms must invest in innovative technologies, upgrade their infrastructure, and focus on skill development to fully leverage these advancements and effectively address the associated challenges.

CITATION:

IEEE format

J. Gruslav, M. Perić, G. Knežević, “The Impact of Digitalization on Statutory Auditing in Serbia,” in FINIZ 2024 - Social Media and Contemporary Business, Belgrade, Singidunum University, Serbia, 2024, pp. 8-14. doi: 10.15308/finiz-2024-8-14

APA format

Gruslav, J., Perić, M., Knežević, G. (2024). The Impact of Digitalization on Statutory Auditing in Serbia. Paper presented at FINIZ 2024 - Social Media and Contemporary Business. doi:10.15308/finiz-2024-8-14

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