{"id":5677,"date":"2019-10-01T11:42:03","date_gmt":"2019-10-01T08:42:03","guid":{"rendered":"https:\/\/africasustainabilitymatters.com\/?p=5677"},"modified":"2026-01-11T05:30:34","modified_gmt":"2026-01-11T05:30:34","slug":"future-of-audit-in-digital-economy","status":"publish","type":"post","link":"https:\/\/rayscohosting.best\/ASM\/2019\/10\/01\/future-of-audit-in-digital-economy\/","title":{"rendered":"Future Of Audit In Digital Economy"},"content":{"rendered":"\n<p><strong><em>By Ndirangu Ngunjiri<\/em><\/strong><\/p>\n\n\n\n<p>Digital technology is rapidly growing across diverse fields, including blockchains, robotics, 3D printing, artificial intelligence, and the internet of things. We are now entering the 4th Industrial Revolution and technology is drastically changing the way we live, work, interact, and do business.<\/p>\n\n\n\n<p>In the\nmodern business world, the gold standard of corporate governance is reliable\ninternal control over financial reporting. Good financial reporting is an\nindicator of good corporate governance. Automation and artificial intelligence\nwill result in effective, secure, and reliable performance across all\ngovernment and business processes.<\/p>\n\n\n\n<p>The\naudit function is a key element of good governance and accountability in both\npublic and private sector organizations. Auditors play a critical role in\nprotecting organizations and promoting governance, risk management, and controls.<\/p>\n\n\n\n<p>Audit function should keep pace with changes in digital technology. An organization\u2019s technology-based processes and activities must result in decisions and actions that are in line with its ethical, social, and legal responsibilities. An audit is intended to provide assurances that proper governance structures are in place and followed, including oversight and accountability surrounding the government\u2019s or an organization\u2019s use of digital technology.<\/p>\n\n\n\n<p>Governments\nand organizations should heavily invest in new technologies for more efficient\nand effective management of their functions and processes. This includes better\nIT mobility, enhanced cloud platforms, and improved technology infrastructure\u2026<a href=\"https:\/\/www.businessdailyafrica.com\/lifestyle\/pfinance\/Future-of-audit-in-digital-economy\/4258410-5293200-xft04kz\/index.html\">Read\nmore&gt;&gt;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Ndirangu Ngunjiri Digital technology is rapidly growing across diverse fields, including blockchains, robotics, 3D printing, artificial intelligence, and the internet of things. We are now entering the 4th Industrial&hellip;<\/p>\n","protected":false},"author":3,"featured_media":5678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","pagelayer_contact_templates":[],"_pagelayer_content":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[101],"tags":[],"class_list":["post-5677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news"],"_links":{"self":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/posts\/5677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/comments?post=5677"}],"version-history":[{"count":0,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/posts\/5677\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/media\/5678"}],"wp:attachment":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/media?parent=5677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/categories?post=5677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/tags?post=5677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}