The growing emerging technologies adoption across distinct forms of organizations reflects the increasing rise of high-tech gadgets, which have transformed people’s daily lives in diverse parts of the world. Owing to the significant roles that they play in the global setting, implementing technology and associated supporting activities do not just serve as IT function’s purview. These kinds of efforts are growing increasingly connected to wider governance, business, and opportunities in the auditing environment, management, and board members (Deloitte, 2014) . As the auditing function continues to evolve, the range of attributes and skills determining professional success should continue to transform. Owing to the pace of changes in the business and technological setting, auditors should ensure that their technical skills remain up-to-date while at the same time making sure to obtain new ones (Tysiac, 2019) . For this paper, therefore, it discusses the effect that emerging technologies could have on auditing.
Cloud computing will have major influence in the auditing environment. Adopting cloud computing will allow auditors to engage with security, technology, and regulatory specialists in a proactive manner to assist in evaluating the effect on existing enterprises. The cloud model requires that auditors gain understanding of the technology together with the processes surrounding cloud computing. They should comprehend the sophisticated processes utilized in assessing the performance of providers (Deloitte, 2014) . They also understanding of the operational, contractual, and regulatory needs affected by the technologies.
Delegate your assignment to our experts and they will do the rest.
Emerging technologies lead to the issue of cyber security. In this vein, auditors will need to understand ways of strengthening the security of their data while at the same time adhering to the frameworks/standards for boosting data privacy and cyber security issues. They should regard these issues as their key priorities. The frequency and scale of cyber security issues are realizing considerable. In fact, the attacks occurring these days predict future catastrophic incidences. Auditing firms need to remain updated on the diverse cyber security issues to avoid falling victims of cyber criminals (Deloitte, 2014) . Cyber security threats are on the rise while the world lacks sufficient professionals to deal with those kinds of issues.
In today’s world, mobile devices have emerged as essential parts of IT infrastructure leading to the emergence of the mobile computing concept. Mobile computing gadgets comprise of laptops, smartphones, USB, PDAs, digital cameras, IrDA, and FRID among others. The devices might comprise of confidential auditing information of an enterprise. They might also contain industrial secrets, intellectual property, and information related to regulatory monitoring (PCAOB, 2019) . Auditing firms should assess the threats affiliated with utilizing mobile devices and link them to the vital information that they access and store together with the transactions that they process from law, business, and regulatory standpoints.
Numerous businesses today have online presence. For instance, whereas social media has positive influences towards an enterprise, it also poses certain threats. Dissatisfied employees, customers, and persons having ill motives toward an organization can use social media sites to disseminate negative information. Additionally, the workforce sharing day-to-day activities of their organizations with friends might unintentionally disclose information that might harm the reputation of a business or avail confidential information (Tysiac, 2019) . In this perspective, auditors should refrain from using the sites to publish auditing information of an organization to ensure that people will ill intentions do not get access to it.
In conclusion, the success of auditors revolves around the commitment that they direct toward continuous improvement and learning. They also need to ensure that they have increased understanding of the trends surrounding emerging technologies and their impact to their profession and their enterprises. They should exercise proactivity of what it going on in their surroundings to allow them emerge successful in their auditing endeavors.
References
Deloitte. (2014). Audit committees: The risks and rewards of emerging technologies. Retrieved from https://deloitte.wsj.com/riskandcompliance/2014/09/18/audit-committees-the-risks-and-rewards-of-emerging-technologies/
PCAOB. (2019). Technology and the audit of today and tomorrow. Retrieved from https://pcaobus.org/News/Speech/Pages/Harris-statement-PCAOB-AAA-4-20-17.aspx
Tysiac, K. (2019). How audit committees can address emerging technologies. Retrieved from https://www.journalofaccountancy.com/news/2018/dec/audit-committees-address-emerging-technologies-201820249.html
