Analysis of the Effectiveness of the Integrated Digital Audit & Financial Control System in Minimizing Fraud Risk and Improving Corporate Liquidity Efficiency

Abstract

Purpose: This study aims to examine the effectiveness of the Integrated Digital Audit & Financial Control System in simultaneously mitigating fraud risks and enhancing corporate liquidity efficiency in the context of rapid digital transformation in financial auditing.

Method: The study employs a Systematic Literature Review (SLR) of 52 peer-reviewed journal articles published between 2020 and 2025, sourced from Scopus, Web of Science, ScienceDirect, and Emerald. Data extraction focuses on fraud detection mechanisms, audit automation, internal control reinforcement, and liquidity management outcomes. The analysis is conducted using thematic synthesis, comparative matrix evaluation, and conceptual mapping.

Findings: The findings demonstrate that the integration of artificial intelligence, blockchain technology, big data analytics, and cloud-based financial platforms significantly enhances real-time fraud detection, strengthens internal control systems, and increases financial transparency. Audit automation reduces audit duration and operational costs, while blockchain-based systems ensure immutable financial records, thereby improving stakeholder trust. Moreover, these integrated systems support accurate cash flow forecasting, faster managerial decision-making, and improved liquidity management. Nevertheless, implementation challenges persist, particularly regarding human resource readiness, cybersecurity risks, regulatory compliance, and high initial investment costs.

Implications: The study highlights the strategic importance of digital audit systems as a key instrument for strengthening financial governance and liquidity optimization in modern organizations.

Novelty/Value: This study offers a novel integrated perspective by linking fraud prevention and liquidity efficiency within a unified digital audit and financial control framework, contributing to the advancement of sustainable financial governance literature.