Influence of Professional Competence in Financial Control on the Digitalization of Control Procedures

Key Points

Digitalization of control procedures is influenced by professional competence in financial control, enhancing overall effectiveness.
A correlation analysis reveals gaps in applying new technologies despite the increasing integration of digital tools.
Assessment of the risk of digitalization is essential for the quality of financial control processes, ensuring reduced vulnerabilities and enhanced accuracy in analysis methods through innovative practices and technologies in finance control procedures within organizations.

Abstract

The publication examines the relationship between the basic requirements for professional competence in financial control and the digitization of control procedures. Aspects of the digitalization of business processes and their correlation with the need to form specific qualities and skills in financial control are analyzed. In connection with proving the hypothesis that the quality of control procedures requires the assessment of the risk of digitalization, a correlation analysis is made. The aim is to confirm that, despite the penetration of technology in the control process, control bodies do not sufficiently apply new technologies to minimize risk. Financial control bodies should streamline processes, increase efficiency, and improve financial information and analysis accuracy.

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