The Paradigm of Information Technology and CAATTs in the Modern Internal Audit

This paper evaluates the role of information technology and CAATTs and the way they could increase companies’ effectiveness in the near future. Our study focuses on the global trend of adopting new technologies at a large scale in internal audit in order to produce high qualitative audit results. The present paper highlights the necessary changes faced by companies during the CAATTs’ adoption process. Organizations arrive to change their conduct of business and to promote efficiency above all. The conclusion of our study states that new technologies and CAATTs do have a significant impact on internal audit and risk management as well as on corporate governance as a whole. Moreover, our findings demonstrate that auditors should be prepared to use effectively those techniques and tools by increasing their skills and core competencies concerning auditing and data analysis and especially their capacity to understand and foresee risks.