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Journal of Innovations in Economics & Management

Volume 5, 2024 - Issue 4

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The Application and Challenges of Modern Technology in Enhancing Internal Audit Competencies

by Ming Ma 1  and  Xiucheng Chen 2,*
1
Hubei Provincial Public Security Department Police Security Department
2
Universiti Kebangsaan Malaysia
*
Author to whom correspondence should be addressed.
JIEM  2024 5(4):90; https://doi.org/10.69610/j.jiem.20240905
Received: / Accepted: / Published Online: 3 September 2024
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Abstract

This paper discusses the application and challenges of modern technology in enhancing internal audit capabilities. With the development of information technology, big data, artificial intelligence, cloud computing and other technologies bring new opportunities for internal audit, but also face many challenges. Issues such as the balance between technology investment and cost control, the matching of technology update and auditor's ability, and the integration of technology and process need to be solved. Through the review of related research, the article points out that enterprises should choose appropriate technology solutions according to their own situation and adopt cost-effective strategies to reasonably plan resource input. At the same time, it is necessary to improve the technical ability and quality of auditors, optimise the application of technology, and ensure the compatibility of technical systems. In addition, it is necessary to explore new modes and methods for the integration of technology and auditing. By addressing these challenges, enterprises can make better use of modern technology to enhance their internal audit capabilities and provide strong support for enterprise development.

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Copyright: © 2024 by Ma and Chen. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
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ACS Style
Ma, M.; Chen, X. The Application and Challenges of Modern Technology in Enhancing Internal Audit Competencies. Journal of Innovations in Economics & Management, 2024, 5, 90. doi:10.69610/j.jiem.20240905
AMA Style
Ma M, Chen X. The Application and Challenges of Modern Technology in Enhancing Internal Audit Competencies. Journal of Innovations in Economics & Management; 2024, 5(4):90. doi:10.69610/j.jiem.20240905
Chicago/Turabian Style
Ma, Ming; Chen, Xiucheng 2024. "The Application and Challenges of Modern Technology in Enhancing Internal Audit Competencies" Journal of Innovations in Economics & Management 5, no.4:90. doi:10.69610/j.jiem.20240905

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