The Digital Transformation of Auditing and the Evolution of the Internal Audit

Cover
Half Title
Series Page
Title Page
Copyright Page
Table of Contents
List of figures
List of tables
List of exhibits
List of appendices
Introduction
1 A historical perspective of internal audit: the impact of digital transformation
	Introduction
	The emergence and development of the audit function
		The origin of auditing… and of auditors
		What is internal auditing and their main related missions?
		Relationship between internal audit and internal control
	Digital transformation: main insights
		From digitization to digital transformation
		The main layers of digital transformation
	The impact of digital transformation on internal auditing: what is at stake?
		Current trends in the audit industry
		The evolution of internal audit function in large companies in the context of digital transformation
	The development of IT audit
		The broader scope of internal audit
		IT ( internal) audit versus audit IT
		The development of the IT audit universe
	The ever-rising importance of internal auditing and IT audits in the literature
		Research on internal auditing
		The identification of specific factors for IT audit
	Conclusion
	Questions for discussion
2 Aligning internal audit with the organization’s strategy
	Introduction
	Strategic planning and internal audit
		Back to basics
		Links between strategic planning and internal audit
		A renewed debate on strategic planning
	Strategic planning, BSC, and internal audit
		The initial BSC concept
		Linkages between the IT BSC and alignment
		The BSC perspectives for internal auditing?
	From strategic planning to strategic alignment
		Strategic IT/ IS alignment: definitions
		Alignment theoretical frameworks
	Internal audit and strategic IT/IS alignment. What lessons for practitioners?
		Challenges in achieving alignment in practice
		Internal audit and alignment: a complex assignment?
	Conclusion
	Questions for discussion
3 IT governance, risks, and compliance
	Introduction
	Corporate governance: a historic debate
		An old theoretical debate
		Corporate governance and competitive advantage
		Various corporate governance practices
		Linking corporate governance to IT governance
	Main insights of IT governance (ITG) in the literature review
		IT governance: definitions
		ITG and main theoretical-related issues
		Perspectives for future research
	ITG frameworks and professional practices
		ITG at a glance
		Various international and national ITG frameworks
	Risks management and compliance
		Toward a life cycle of ITG and/ or a virtuous circle?
		ITG and risks management: the evolution of the COBIT framework
		The development of compliance requirements
	Conclusion
	Questions for discussion
4 The evolution of auditing methodologies
	Introduction
	The “ traditional” IT audit approaches
		The multiple- level methodology
		The breakdown according to the scope of auditing mission
	Digital maturity model in internal audit
		The impact of the digital transformation: the emergence of digital maturity model ( DMM)
		DMM and internal audit: toward continuous auditing methodology
	The evolution of IT audit methodologies driven by digital technology
		The risk-based methodology: several approaches
		IT governance audit methodology
	Toward the development of agile internal and IT audit
		What is agility?
		Agility and internal & IT audit
	Conclusion
	Questions for discussion
5 The evolution of IT/IS audit activities in the digital era: the impact of technology-enabled internal audit
	Introduction
	Technology adoption models in auditing
		The key role of information system
		The emergence and development of technology adoption models
		Auditing activities in an increasingly IT environment
	Beyond traditional audit techniques: auditing with new technologies
		Adding value with technology
		Toward data-driven internal audits
		The strategic move to automation: the development of RPA
	RPA: a bridge between legacy and modern cloud applications
	The use of RPA in auditing: the end of the swivel chair work?
		The impact of blockchain technology (BT) on auditing
	Auditing of new (or emerging) technologies
		Auditing algorithmic decision-making and artificial intelligence (AI) solutions
		RPA: auditing a bot environment
		Auditing blockchain technology (and its applications)
		Toward augmented auditors: the emergence of auditors 4.0
	Conclusion
		Questions for discussion
6 The impact of the COVID-19 crisis on internal audit function and related activities
	Introduction
	The multidimensional impact of crisis
		An analytical framework for crisis analysis
		The identification of country and sector risks
	“Country Risk” indicates the average risk presented
		Prospective and strategic foresight
	Post-COVID lessons: an historical event with unknown consequences
		How to foresight and forecast crisis?
		The impact of the pandemic crisis
	The world thereafter… and the new normal
		The evolution of the risk landscape for auditors
		The Big Four accounting firms’ and other technology-IT services companies’ vision
	The impact of the COVID-19 pandemic: what are the future trends of internal auditing?
		The use of technology to conduct audits
		Employing innovative means of gathering and analyzing evidence
		Greater reliance on technology for basic communication
		A continuous approach to assessing risks
		The hybrid workplace mode
	Conclusion
	Questions for discussion
Index