The effect of technology on audit quality in modern auditing in Malaysia

The swift progression of technology has revolutionised the auditing domain, especially in Malaysia, where organisations are progressively incorporating digital tools to improve audit quality. Although international research underscores the advantages of technology in auditing, the influence of data analytics, artificial intelligence (AI), blockchain, and cloud computing on audit quality in Malaysia remains little examined. This study analyses the impact of various technologies on transparency, accuracy, efficiency, and dependability in auditing. A quantitative methodology was employed, utilising a constructed questionnaire disseminated to auditors from small, medium, and big enterprises in Malaysia. A statistical analysis, comprising correlation and regression tests, was performed to evaluate the influence of technology adoption on audit quality. Research demonstrates that blockchain exerts the most substantial beneficial impact via improving data security, fraud detection, and risk evaluation. Artificial intelligence and data analytics significantly enhance audit decision-making, precision, and efficiency by facilitating real-time risk assessment and anomaly detection. Cloud computing, although advantageous for data accessibility and cooperation, exhibits a very small impact, underscoring the necessity for enhanced cybersecurity protocols and legal adherence. This study contributes to the body of knowledge, industry standards, and regulatory frameworks by providing empirical insights into the significance of technology in the auditing process. It emphasises the imperative for ongoing investment in digital tools to augment audit credibility and compliance. The findings endorse Malaysia's transition to a more open and efficient financial reporting framework. The survey also emphasises issues such cybersecurity threats, expenses associated with technology adoption, and the necessity for specialised expertise. Future research should investigate the long-term effects of AI and blockchain on auditing, auditor independence, and ethical implications. As the profession advances, enhancing auditors' skills and instituting comprehensive technical policies are essential for maintaining superior auditing standards in Malaysia