Auditing in the Industry 4.0

Document from the year 2019 in the subject Business economics - Revision, Auditing, , language: English, abstract: Digitalization poses a major challenge for companies. Auditors are also affected by this, because they have to understand what changes are taking place and meet the new expectations of their clients. What exactly is the impact of digitalization on the work of auditors? What technological changes does the industry itself need to make? How will the requirements for accountants change?David Port proves why the digital transformation is also necessary for the auditing industry. In particular, an adjustment of the job description and the service portfolio, the competencies and the training of the examiners is necessary. Port presents a solution for practical implementation. From the content:- technology;- paradigm shift;- Accounting;- expectations;- competitiveness;-Data Privacy