Supreme Audit Institutions’ Use of Information Technology Globally for More Efficient and Effective Audits
Supreme audit institutions (SAIs) recognize the benefits of using technology to improve the quality and impact of their audits. This benefit has further intensified during the COVID-19 pandemic; SAIs with existing technology capacity have continued...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/undefined/461071634537328252/Supreme-Audit-Institutions-Use-of-Information-Technology-Globally-for-More-Efficient-and-Effective-Audits http://hdl.handle.net/10986/36515 |
| Summary: | Supreme audit institutions (SAIs)
recognize the benefits of using technology to improve the
quality and impact of their audits. This benefit has further
intensified during the COVID-19 pandemic; SAIs with existing
technology capacity have continued to perform their role
effectively and efficiently. The paper explores how at a
global level SAIs are using technology to perform more
efficient and more effective audits. It provides a brief
overview of how some SAIs are harnessing the possibilities
created by advances in technology to develop new, innovative
audit methods and procedures. It also seeks to identify the
factors inhibiting other SAIs in particular SAIs in
developing countries from implementing and using audit
methods based on information technology (IT). Against this
background, the paper suggests ways in which the World Bank,
working with other stakeholders, can facilitate the more
extensive and more effective use of IT-based tools and
methods by SAIs. The impact of COVID-19 has introduced a new
important consideration: namely, how IT has helped some SAIs
respond with agility and resilience to the unprecedented and
completely unforeseen circumstances created by the pandemic. |
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