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6) reducing the delay in issuing the auditor’s report (Audit Report Lag),
reducing the audit fees.

7) the possibility of activating the continuous audit and the continuous limited
review and increasing the efficiency and effectiveness of the audit process

Tools of Industry 4.0 has led to several effects on auditing; specially timing and
efforts and Types of exerted audit procedures, As follows:

1) Data analytics role on auditing

Enable continuous analyzes, models, and visualizes data for the purpose
of providing effective, efficient, and real-time assurance by:

▪ discover patterns,
▪ identify anomalies,
▪ identifying relations
▪ and obtaining other useful audit related information

2) Artificial intelligence (AI) Role on auditing

▪ used to monitor financial transactions automatically.
▪ can boost the identification process of fraud by forming models

focused on sophisticated machine learning (ML).
▪ can also enable auditors to optimize their resources, allowing them

to utilize their judgments in order to evaluate documents on a larger
scale and in more depth.

But unfortunately Industry 4.0 Has led to several Negative effects on
auditing As follows:

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‫جميع الحقوق محفوظة ـ الإعتداء على حق المؤلف بالنسخ أو الطباعة يعرض فاعله للمسائلة القانونية‬