Hello, thank you for taking the time to post your question!
The shift from a paper-based system to online banking fundamentally changes an auditor's focus. The control environment moves from being primarily manual to being complex, automated, and technology-dependent.
This means auditors must assess not only the risk of human error but also new risks, such as technological failure and cyber threats. On the plus side, the digital nature of these transactions provides auditors with new opportunities for data analysis and continuous, real-time monitoring, which can create a much stronger audit trail than was possible with traditional methods.
I hope this helps clarify your original question! If you'd like to explore any of these points further, such as what specific controls auditors look for or how an auditor might test for cyber risks, feel free to reach out! :)
