United States

Digital Auditing: Modernizing the Government Financial Statement Audit Approach

Mar 26, 2014
From the Government Institute

We are in a "wired world" with information of all shapes and sizes available 24/7. All levels of government have substantially invested in modernizing information technology (IT) systems and service delivery models to take advantage of dramatic IT advances. However, have auditing techniques modernized in a similar fashion?

This article, reproduced with the permission of the Association of Government Accountants (AGA), was first published in the spring 2014 issue of AGA's Journal of Government Financial Management. This article discusses the role of modern financial and business systems in a government financial statement audit and highlights four actions to consider in transitioning to a digital audit environment.