Abstract
As a result of the rapid and revolutionary advances in Information Technology (IT) in recent years, technology plays an integral role in society. Numerous changes have taken place in the IT environment, such as smartphones, wi-fi, social media and cloud storage, to name a few. These changes have prompted organisations to modify their business strategies accordingly. The inseparable nature of technology from everyday life and the functioning of organisations means that external auditors need to incorporate technology into assurance and advisory work in order to keep up with the evolving needs of organisations. Because the majority of organisations being audited externally have electronic data available, auditors need to gain a thorough understanding of the client’s systems and controls to ensure sufficient audit evidence can be obtained. With access to cutting-edge tools that could potentially enhance and complement management accounting, the need arises for auditors to be proactive and govern the effective use and implementation of these technologies in modern organisations. The purpose of this study is to examine the impact of data analytics on the effeciency and effectiveness of external audit. The study was conducted through a literature review and an empirical study in the form of a questionnaire...
M.Com. (Computer Auditing)