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

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.