Scientific Bulletin of Mukachevo State University. Series “Economics”

Vol. 12, No. 2, 2025 30.06.2025 open access Open access

Organisation and areas of development of international audit in the digital economy

Fazil Hajiyev, Nusret Babayev, Fuad Gasimov

DOI https://doi.org/10.52566/msu-econ2.2025.23 Pages 23 –33 Views 1,667 Views

Abstract

The purpose of this study was to analyse the impact of digital technologies on international auditing practice. An integrated approach was employed, incorporating a comprehensive literature review, case study analysis of major audit firms, and an examination of international regulatory standards to evaluate this impact. This study addressed the urgent need for international auditing to adapt to digital transformation, enhancing financial transparency, cost efficiency, fraud prevention, and global market stability through the integration of blockchain, artificial intelligence, and big data analytics. It was identified challenges related to the need to adapt to new technologies such as blockchain and big data analysis, the impact of global economic trends on financial statements, and different approaches to unifying audit standards and ethics internationally. The study identified how these technologies contribute to reducing audit costs, increasing operational efficiency, and improving financial transparency, which in turn strengthens investor confidence and enhances the stability of financial markets. It was noted that the integration of blockchain ensures fraud prevention and the reliability of financial data, reducing economic risks associated with financial misstatements and corporate fraud. Big data analysis was proven to improve risk assessment and predictive financial analytics, allowing businesses to make more informed investment and strategic decisions. The results can serve as a basis for developing strategies and tactics for introducing digital innovations into the practice of international auditing, providing audit companies, regulators, and organisations with tools and recommendations

Keywords

technological progress, cybersecurity, blockchain technologies, big data analysis, standards, international audit

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Suggested citation

Hajiyev, F., Babayev, N., & Gasimov, F. (2025). Organisation and areas of development of international audit in the digital economy. Scientific Bulletin of Mukachevo State University. Series “Economics”, 12(2), 23-33. https://doi.org/10.52566/msu-econ2.2025.23