Year: 2024
Type: article
Abstract: With the rapid development of information technology, the digital transformation of enterprise finance has become an important direction of enterprise transformation and upgrading. Based on the data of A-share listed companies in 2012-2022, this paper discusses the specific impact of financial digital transformation on audit risk through empirical analysis. The research results show that the financial digital transformation of enterprises can significantly reduce the audit risk, and this has been further confirmed in the test of the degree of financial digital transformation and the robustness of audit risk. In addITion, through heterogeneity analysis, it is found that the international "Big Four" accounting firms and IT service industries do not show differences in audit risks when dealing with enterprise audits with different digital levels. The research of this paper is of great significance for understanding the changing law of audit risk under the background of financial digital transformation and guiding enterprises and audit institutions to better cope with the challenges brought by financial digital transformation.
Author: Yutong Yang
Institution: Henan University of Economic and Law
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4405762267