The impact of the pandemic on the quality of internal audit

Apstrakt

The long-term consequences of the pandemic have brought about changes in the culture and business climate of organizations, but also in the wider social environment. The consequences are seen in the digital environment of public companies, flexibility of working hours, increased uncertainty, and risk in business, which can lead to changes in business models (corporate governance, information technology, financial operations, and financial reporting) that affect the quality of internal audit. Therefore, public companies are rapidly changing the way they adjust their strategies, make decisions, and perform daily activities. These changes bring new risks and public companies adapt to new business conditions, control their risks, and control their business and financial flows. The increasing influence of IT on public companies alternately forces internal and external auditors to improve their knowledge and skills in the field of IT and adjust their work process accordingly.