University Auditing in the Digital Era

This book explores how digital transformation is reshaping the manner in which higher education sectors emerge, work, and evolve and how auditors should respond to this challenging and risky digital audit universe in transforming the higher education system. It serves to help professionals to understand the reality of performing the Chief Audit Executive (CAE) role in today's evolving business economy, specifically in the higher education sector. It compares and contrasts the stated IIA standards with the challenges and realities auditors may face and provides alternative scenarios to gaining a "seat at the table." This book also provides insight into critical lessons learned when executing the CAE role relevant for digitally transforming universities. The main purpose of this study is to rethink the audit culture in the digital era and reveal the key characteristics that are open for improvement so that digitally transforming universities can be audited according to the higher education standards with a digitally supported value-added audit approach. Based on this approach, the audit culture is reassessed considering the digital university conceptual framework and business model. There are two main points to consider for the digital university work environment: traceability and auditability. In this respect, policy recommendations are made for best practices to achieve value-added digital audits in transforming universities. The book has been written from both the reality and academic perspectives of two experienced authors. Sezer is a past CAE, CEO, and long-term senior internal auditor who has worked in the internal audit role for various listed companies, financial institutions, and government entities. Erman has extensive information technology and university accreditation knowledge in the global higher education sector. This brings a blend of value-added approaches to the readers and speaks to issues about understanding and dealing with audit culture and business evolution in digitally transforming organizations along with the requirements for upholding IIA standards. Geared toward the experienced or new CAE, University Auditing in the Digital Era: Challenges and Lessons for Higher Education Professionals and CAEs can be a tool for all auditors to understand some of the challenges, issues, and potential alternative solutions when executing the role of university auditing. In addition, it can be a valuable reference for university administrators and CIOs, as well as academics and all stakeholders related to the higher education sector.

Sezer Bozkus Kahyaoglu is currently Associate Professor at Izmir Bakircay University since 2018 to the present. Sezer has certifications of CIA, CFSA, CRMA, CICP, CFE and CPA. Her research interests mainly include Applied Econometrics, Time Series Analysis, Financial Markets and Instruments, Energy Markets, Corporate Governance, Risk Management, Fraud Accounting, Auditing, Coaching, Mentoring and NLP. Sezer has various refereed articles, books and book chapters published via international publishing companies. She has previously worked in a variety of management positions in the banking, audit and risk sectors. Dr. Erman Coskun is a full professor of Management Information Systems and Quantitative Methods. He has an academic career of over 20 years, having held positions in the United States, Turkey, and Cyprus. Dr. Coskun's research is focused on Complexity of Information Systems, Digital Transformation, Human-Computer Interaction, Business Analytics, Business Intelligence, Enterprise Resource Planning, Supply Chain Management, Logistics, Port and Transportation System Efficiency, and Disaster and Crisis Management. His research has been published in journals including Government Information Quarterly, Systems and Software, Information and Software Technology, Journal of Homeland Security and Emergency Management and top conferences in MIS area such as International Conference on Information Systems (ICIS), Americas Conference on Information Systems(AMCIS), European Conference on Information Systems(ECIS). He has more than 30 journal publications and more than 75 conference papers. Dr. Coskun has held a variety of managerial and administrative positions in several institutions.

Abbreviations. Foreword by Ali Nail Kubali, PhD. Foreword by Prof. Dr. Lourens Erasmus. Authors. Introduction. 1 Conceptual framework for the digitally transforming university: Dynamic model approach. 2 Visioning the digital era from the audit perspective. 3 Lessons for a CAE. 4 Establishment of the internal audit function balancing between physical and digital. 5 Internal audit resourcing and staffing based on digitally enriched learning spaces. 6 Executing the responsibilities of internal audit in digitally transforming universities. 7 The impact of the pandemic crisis on higher education institutions with post-COVID auditing perspective. Concluding remarks and appendixes. Index.