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RESEARCH CENTER FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS of Ukraine (KHARKIV, UKRAINE)

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Liburkina L. M.

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Digitalizing the Audits of Financial Statements of Enterprises in the Context of Implementing International Auditing Standards
Honcharuk S. M., Kolodrub M. Y.

Honcharuk, Svitlana M., and Kolodrub, Mykhailo Ya. (2026) “Digitalizing the Audits of Financial Statements of Enterprises in the Context of Implementing International Auditing Standards.” Business Inform 8:332–340.
https://doi.org/10.32983/2222-4459-2026-8-332-340

Section: Accounting and Auditing

Article is written in Ukrainian
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UDC 657.6

Abstract:
This study examines the theoretical, methodological, and practical foundations of the digitalization of audits of financial statements of enterprises in Ukraine as a strategic approach to improving the quality of control and confidence in economic information amid global transformation. The process of conducting financial statement audits in the context of the intensive implementation of IT technologies is analyzed. The following objectives were identified and addressed: the current state of regulatory oversight of auditing in the context of ISAs was analyzed; key digital technologies (Big Data, AI, cloud solutions) were identified; the risks and benefits of their application were assessed; and directions for adapting national practices to international standards were substantiated. It has been demonstrated that there is a significant gap between the rapid development of digital business tools (in particular, the widespread transition to SAP S/4HANA Cloud in 2023–2025) and the audit community’s insufficient methodological readiness to fully integrate these solutions into audit procedures. Approaches to adapting standard procedures to the operating conditions of cloud technologies are examined. Particular attention is paid to the characteristics of tools for collecting audit evidence, such as artificial intelligence and machine learning algorithms, which form the foundation for the transition to comprehensive analysis of operations. The nature and significance of integrated ERP systems as primary sources of digital information for assessing the risks of material misstatement in financial statements are analyzed in detail. The role of analytical procedures – automated verification of control indicators and process modeling – in establishing an objective evidence base is substantiated. Particular emphasis is placed on the importance of professional skepticism in the context of automation and cybersecurity risk management during remote audits. International organizational models of digital auditing are examined, and the possibilities for their implementation in Ukraine are identified to ensure the competitiveness of domestic audit firms. The author formulates a generalization of the strategic role of digitalization as an integrated tool for improving audit effectiveness, minimizing the human factor, and strengthening the country’s economic security through transparency in the financial environment. The article substantiatesthe need for further improvement of methods for analyzing financial information, the development of auditors’ digital competencies, and the updating of approaches to documenting electronic evidence.

Keywords: audit digitalization; computer-assisted audit techniques (CAATs); continuous auditing; Big Data; virtual data rooms (VDR); cybersecurity in auditing.

Tabl.: 1. Bibl.: 15.

Honcharuk Svitlana M. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Accounting, Analysis and Control, Ivan Franko National University of Lviv (1 Unіversytetska Str., Lvіv, 79001, Ukraine)
Email: [email protected]
Kolodrub Mykhailo Ya. – Masters Student, Ivan Franko National University of Lviv (1 Unіversytetska Str., Lvіv, 79001, Ukraine)
Email: [email protected]

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