The Role of Digitalization in Developing Internal Audit Practices in an IT Environment

Abstract

While the role of internal audit has expanded steadily in the digital era to become an organizational strategic pillar, auditors have to bear the responsibility of proactively responding to this expanded role in the current business environment. Thus, The study aims to demonstrate the role of digitalization through numerous strategies and methods in developing internal audit practices in an information technology IT environment. Design/methodology/approach- Based on the nature of the problem and the objectives of the research, a descriptive analytical approach was adopted to determine the role of digitalization in developing internal audit practices, as well as analyzing data and information related to the development of internal audit practices in the local environment theoretically and in the field through a questionnaire designed for this purpose. Findings - The study concluded that digitalization contributes to the development of internal audit practices in an IT environment while acquiring knowledge and skills compatible with the use of modern digital technologies contributes to digitalization of the audit profession. Research limitations/implications- The limitation of the study stems from its application in a local research context. Practical implications- The researcher recommended developing digital platforms and programs for the purpose of developing internal audit practices in the local business environment noting that activating the digitalization mechanisms in an IT environment requires paying attention to strategic risks. Originality/value- The study addresses the deficiencies that the internal audit function faces in the local business environment resulting from organizational, legislative, administrative and personal factors, which undoubtedly hinder the achievement of the strategic goals and visions of the internal audit units and departments.