Page 37 - Auditinf Electronic System
P. 37

▪ Industry 4.0: is marked by extended use of internet (IOT), smart
    systems and robotics, Artificial Intelligence and Machine
    Learning and Smart factories in the existence of biga data analytics
    and blockchain.

A. What is the Evolution of Auditing through time?

   B. What is the effect of Industry 4.0 and its tools on External Auditing?
       Industry 4.0 has led to several positive effects on auditing; it will significantly

change the auditing profession by providing effective, efficient, and real-time
assurance through:

   1) automating current procedures,
   2) enlarging their scope: As it enables continuous data monitoring and

        validation,
   3) shortening timing,

4) increasing the accuracy of the auditor's professional judgments.
5) enabled conducting a comprehensive audit instead of auditing samples.

38

                                                                                             37

‫جميع الحقوق محفوظة ـ الإعتداء على حق المؤلف بالنسخ أو الطباعة يعرض فاعله للمسائلة القانونية‬
   32   33   34   35   36   37   38   39   40   41   42