author(s)
Dr. Ritesh Patel and Dilip Chauhan

abstract
The advancements in technology has resulted in significant shift in its methodologies, tools, and processes in the auditing profession. This transformation has brought forth both potential benefits and new complexities for auditors and organizations alike. This article explores the transformative impact of technology on auditing practices, aiming to unravel the challenges and opportunities it presents. The article examines the key challenges faced by auditors in adopting and implementing technology-driven auditing practices. These challenges encompass issues such as data security, privacy concerns, skill gaps, and the need for robust internal controls. Additionally, the article delves into the opportunities that technology offers, including enhanced efficiency, improved risk assessment, and increased analytical capabilities. The findings of this study emphasize the need for auditors and organizations to embrace technology as a transformative force rather than a mere tool. It highlights the significance of proactive adaptation and collaboration between auditors, regulators, and technology providers to address challenges and maximize the potential benefits of technology in auditing practices.