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Why ICT is must for Lagos auditors, says Muri-Okunola

To remain relevant in the 21-century economy, auditors in Lagos public service must adapt to information communication technology (ICT) and its application to auditing functions, Hakeem Muri-Okunola, the state head of service, has said.

Muri-Okunola made the submission at the 2022 annual retreat for Lagos auditors, organised by the office of Lagos State auditor-general, with the theme “ICT and auditing as inseparable twins towards ensuring accountability and probity.” The theme was selected to highlight the imperative of integrating technology into the functions of auditors, for greater transparency and efficiency.

According to the head of the service, the evolution of the digital economy at the global level has significantly changed the way business enterprises operate. It has also brought about the generation and display of financial data online in real-time and overwhelming rapid adoption and implementation of e-business technology.

This, he believed, has led to new challenges for auditors, especially in the area of effective control. To catch up with this trend and remain relevant, auditors must fully embrace and adopt relevant technological tools to attain accuracy and efficiency in their service delivery.

“ICT tools and techniques directly impact the audit function in diverse ways, some of which are performance, reporting and decision making, monitoring scope and quality of output as well as in the area of audit phase.

Carlton Peterson

Carlton is the contributing author of electronic security. His field of communication is fascinating since he writes about that side of the industry which is costly, less used but more inclined upon by developed countries. Electronic securities have been seeing an upward graph nowadays, but the current scenario still needs to be changed. Carlton’s articles reflect the real happening wrapped up in formally written words.

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