The Implications of Industry 4.0 for the Auditing Profession

  • Maria C Tavares Higher Institute of Accounting and Administration (ISCA-UA), University of Aveiro, Portugal
  • Lindiwe N Zimba Higher Institute of Accounting and Administration (ISCA-UA), University of Aveiro, Portugal
  • Graça Azevedo Higher Institute of Accounting and Administration (ISCA-UA), University of Aveiro; & CICF, IPCA Portugal https://orcid.org/0000-0002-6346-4035
DOI: https://doi.org/10.34624/ijbi.v1i1.27625
Keywords: Audit 4.0, Auditing, Industry 4.0, New Technologies

Abstract

The technological development resulting from Industry 4.0 is also affecting the auditing profession. If on the one hand the new technological components of Industry 4.0 demonstrate how their implementation can facilitate the auditor's work and improve the decision-making process in business management, on the other hand they require new skills and knowledge to the professional exercise

Thus, the objective of this study in a real work context - fieldwork - is to analyze the impact of the new technologies of Industry 4.0 in the Auditing profession. With this work, it was possible to understand that the digital transformation and the use of the new technologies provided by Industry 4.0, besides serving as an aid to management and to the auditing professional, do not replace man, in his social, sentimental, and thought relations, crucial aspects for the profession of Auditor.

International Journal of Business Innovation Vol 1 Issue 1 2022
Published
2022-03-31
How to Cite
Tavares, M., Zimba, L., & Azevedo, G. (2022). The Implications of Industry 4.0 for the Auditing Profession. International Journal of Business Innovation, 1(1), e27625. https://doi.org/10.34624/ijbi.v1i1.27625
Issue
Volume 1 Issue 1 (2022)
Section
Accounting

Copyright (c) 2022 Maria C Tavares, Lindiwe N Zimba, Graça Azevedo

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