A comparison of traditional and continuous audit approaches in independent auditing: a theoretical investion of analytical review procedures and a sample application with continuous audi̇t approach selected financial statement items

Today, the increasing competition between businesses, the expansion in the personnel volume of the enterprise, and the widespread use of technology cause erroneous and fraudulent transactions. In order to understand the irregular transactions and to prevent the damage that will occur, the frequency of audits in enterprises should be increased. For this purpose, the dynamic audit process using digital technology tools in a digital environment becomes important. The shift towards digitalization and the need to examine accounting records simultaneously have brought the continuous audit approach from the traditional audit approach. As a result of the comparisons and evaluations made, as a result of the application of the continuous audit approach by integrating technological tools into the audit process, compared to the traditional audit approach, better recognition of the client entity, faster collection and analysis of information and documents belonging to the entity, detection of possible erroneous and fraudulent transactions by providing simultaneous access to selected financial statement accounts, It has been concluded that it will reduce the level of risk, increase audit quality, help the process to proceed in a more transparent and accountable manner, support the auditor's decision-making process, and create a reliable and accessible information base for the relevant parties affected by the results of the audit work together with continuously available reports.