Internal Audit Strategies for Dealing With Digital Risk in the Digital Economy

DOI

10.2991/aebmr.k.201205.030How to use a DOI?

Keywords

Digital economy, Digital risk, Digitization, Internal audit, Risk control, Improvement measures

Abstract

With the advent of digital economy era, conforming to the development of digital economy has become a global consensus, and the global digital economy presents a situation of rapid development. From mobile Internet to artificial intelligence, blockchain to big data, digital technology has infinite potential. The digital characteristics of economic development are constantly enhanced, and enterprises are increasingly dependent on the digital, digital security has become a major risk. The management of digital risk has also become the key research object of enterprises. As the supervisor of enterprise risks, internal audit needs to identify, analyze and evaluate digital risks, and coordinate and deal with them. This paper describes the change of the definition of internal audit to the direction of risk prevention and control, and the affirmation of the role of risk management of internal audit by various risk management associations. Secondly, the definition and characteristics of digital risk are analyzed, and it is found that digital risk is characterized by universality, complexity and severe destructiveness in enterprises. Thirdly, it puts forward that internal audit, as an important risk prevention and control agent in digital economy, should be improved in terms of technological innovation, big data utilization, digitalization improvement and auditor quality improvement. It is hoped that these recommendations will contribute to internal audit efforts in controlling digital risks.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Xie Xiaofei
PY  - 2020
DA  - 2020/12/07
TI  - Internal Audit Strategies for Dealing With Digital Risk in the Digital Economy
BT  - Proceedings of the 2nd International Scientific and Practical Conference on Digital Economy (ISCDE 2020)
PB  - Atlantis Press
SP  - 184
EP  - 187
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.201205.030
DO  - 10.2991/aebmr.k.201205.030
ID  - Xiaofei2020
ER  -