FORMATION OF AUDIT DOCUMENTATION IN THE DIGITALIZATION CONDITIONS

Abstract

The purpose of the article is to analyze the impact of digitalization on the formation of audit documentation. During the research, the essence of the term "digitalization" was defined. Based on the results of this, functions of digitalization of audit documentation were formed. Three key digital technologies are identified and their influence on the formation of audit documentation is analyzed. It was determined that digitization accelerates the processing of large data sets, generates audit results faster, ensures the accuracy of calculations in working documents, contributes to the high-quality design of audit documentation, ensures safe storage, allows simultaneous work with the documents of several auditors, and facilitates the prompt verification of audit documentation. However, the implementation of digitalization requires financial, human and time costs from the subject of audit activity.