With technological advancements in the new millennium, internal auditors progressively enhanced the use of laptops, tablets, smartphones, data analytics tools, and web-based cloud applications for performing their in-scope agreed-upon procedures. A very recent emerging technological development that has surfaced for enhancing the effectiveness of the internal audit function is the aerial drone technology, also known as an “Unmanned Aerial Vehicles” (UAVs).
Auditing inventories, fixed assets and production processes across multiple geographical locations has long been one of the most onerous tasks for an auditor as part of the year-end cut off procedures. Robotic process automation techniques and auditing drone technologies that can speed up the internal audit process and make it more accurate while optimizing the efforts of the team members is a significant accomplishment.
