An exploration of emerging technology adoption in South African auditing firms

Abstract

The study was prompted by the necessity to explore if auditing firms in South Africa are embracing or eschewing emerging technologies. Current literature indicates that auditing firms are embracing technologies at a slower rate than their clients and other industries. The study was motivated by the necessity to understand the actual technologies that have been adopted and assess the readiness of auditing firms to deliver value-added services to customers with automated processes. Diverse contextual elements, encompassing both external and internal factors, that contribute to technology adoption will be revealed. For this study, the TAM-TOE paradigm was employed to establish a foundation and identify the variables that specifically impact auditing businesses in South Africa. The study aimed to comprehend the transformative impact of disruptive technologies on traditional auditing procedures, the responsibilities and competencies of auditors, and the auditing profession. This analysis will examine the specific challenges and risks associated with technology adoption and offer recommendations to stakeholders. An interview guide was employed to gather information from auditing specialists, and a meticulous selection of diverse auditing firms was conducted to comprehend adoption across all levels.