A METHODOLOGICAL APPROACH TO DIGITALIZING INTERNAL AUDIT IN COMMERCIAL BANKS BASED ON THE CONTINUOUS AUDITING CONCEPT
DOI:
https://doi.org/10.5281/zenodo.21537599Abstract
This article proposes a methodological approach to the digitalization and automation of internal audit
processes in commercial banks based on the concept of continuous auditing. The proposed approach involves the use of data
analytics, robotic process automation, and artificial intelligence tools and comprises a six-component technical architecture,
implementation principles, and a six-stage implementation mechanism. The advantages of continuous auditing over traditional
auditing are quantitatively substantiated, opportunities for further technological development in Uzbekistan’s banking sector
are identified, and the investment payback period is estimated. The findings have practical significance for banks’ internal audit
functions and regulatory authorities.
Keywords
continuous auditing, internal audit, digitalization, data analytics, robotic process automation, artificial intelligence, key risk indicators, commercial banks.References
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