The effect of the digital integration process on the security level in the audit of financial statements

Integration of accounting with digitalization has revised workflows by showing pragmatic changes and mandatory changes are observed in the audit process. Inspection of tables, which are indicators of financial status in businesses, in a wider perspective is the result of our digital age. It is obvious that the technology cannot be widely applied in order to implement the same digital perception for all businesses. SAF-T, published by the OECD in the cases of digital audits conducted at international level, has similar qualifications to the inventory book that must be prepared annually by financial statement payers in our country and in many countries of the world. In the study, how the inventory book can be digitalized and its integration into the audit process has been examined in detail for the enterprises that keep books on the basis of balance sheet in our country. In case the inventory book is integrated into the audit process within the framework of connective integrity, a questionnaire was applied to independent audit firms to investigate the effect on the assurance level. According to the results of the survey, it has been concluded that the simple digitization of the inventory book on a monthly basis, the financial statements to be prepared according to tax declarations can be audited at a high scale, excluding the elements requiring physical counting, and that the financial data will be subject to audit before the preparation of the financial statements will facilitate the audit processes and increase the confidence in the financial statements.