Entries by atvfebuiadministrator

The Prospects of Robotic Process Automation in Indonesia

Robotic Process Automation (RPA) is a concept that uses software ‘robots’ or tools to process data inputs in the computer system to mimic human actions associated with various activities. It provides a way to automate manual work and repetitive rules-based tasks, and using its built-in logic to make more consistent process decisions previously made by […]

Will AI help or hinder the future of auditing?

Among the more thankless tasks undertaken by junior accountants is meticulously checking off inventory at clients’ warehouses, which can involve scaling ladders with paper and pen in hand but handling mundane jobs is set to become more sophisticated, as auditors try out specialized drones to use artificial intelligence and image recognition to analyze information and […]


As auditors prepare for a new auditing standard requiring the disclosure of critical audit matters (CAMs) in their reports, they are traveling in uncharted territory and contemplating new information that they will be providing to investors. The new auditing standard AS 3101, The Auditor’s Report on an Audit of Financial Statements When the Auditor Expresses […]

Internal Audit and Cybersecurity

Internal Audit : A Key Cybersecurity Ally Cybersecurity has been the biggest concern for every enterprises—no matter how huge it is. In 2015, around 1.500 business and technology executives in 12 countries, fell into the prey of sophisticated cyberattacks. Being so intimidating, cyberattacks have the power to look over for a company or organization’s sensitive […]

IT Audit Tools Software

IT Audit Tools Software helps the Auditor in carrying out his profession, both in terms of speed and accuracy. There are some software that can be used as a tool in the implementation of information technology audits. • ACL (Audit Command Language) – Generalized audit software, allows auditors to be able to access various types […]

A New Era for Auditing After Sarbanes-Oxley

In July 2002, the US public company auditing profession entered a new era. With the enactment of the Sarbanes-Oxley Act of 2002 (SOX), the profession was subject to a new regulatory framework, one designed to increase the reliability of financial reporting and to improve audit quality. That framework, has been an extraordinary success, as shown […]

How to Improve Audit Planning Effectiveness and Efficiency

For decades, auditors have faced the competing pressures of enhancing audit effectiveness while performing audits more efficiently. By investing more time—and the right procedures—in the planning phase of an audit, both can be achieved, according to Patricia Bottomly, CPA, national assurance partner at BDO USA LLP in Los Angeles. Bottomly presented a session on improving […]

Challenges for IT Internal Audit Functions

Technology and the impact of disruption on the Financial Services sector is fast becoming a top priority for organizations alongside regulatory compliance. Financial institutions are feeling the burden of the ever-increasing threat of cyber-attacks, the imperative to innovate to keep pace with maturing FinTech combined with increased focus from regulators on the management of IT, […]