Disruptive technology and audit risks: Evidence from FTSE 100 companies

【Author】 Elnahass, Marwa; Jia, Xinrui; Crawford, Louise

【Source】EMERGING MARKETS REVIEW

【影响因子】4.359

【Abstract】We investigate the use of disruptive technology on the level of audit risk, within both companies and audit firms. A sample of FTSE 100 and their corresponding audit firms-specifically, the 'Big 4'-are selected for the period 2015 to 2020. Our findings indicate that the utilisation of disruptive technology results in a significant reduction in audit risk for both companies and audit firms. Disruptive technology seems to promote benefits to companies and audit firms by significantly mitigating the risk of material misstatements (i.e. inherent and control risk) and detection risk; these results are consistent across various industry classifications.

【Keywords】Disruptive technology; Data analytics; Big data; Audit risk; Audit firms

【发表时间】2024 DEC

【收录时间】2024-11-16

【文献类型】综述

【主题类别】

区块链应用-实体经济-审计领域