Digital Transformation in Banking Audits: Enhancing Compliance and Risk Management in ICICI Group

Abstract

The digital shift within banking is transforming traditional audit practices, updating compliance, risk management, and efficiency. This report examines the impact on audits from banking's digital change, focusing specifically on ICICI Group and how AI insights, blockchain, robot accounting checks, and cloud solutions reshape audit methods. A thorough literature review and real data analysis explore how constant tracking, predictive stats, and automated rule systems cut financial danger and keep rules. Findings suggest digital audit tech noticeably improves fraud spotting, deal openness, and call making, guiding sounder leadership and inside control, though safety of facts, governing difficulties, and tech incorporation hurdles stay. In summary, a smart take-up of digital tools in auditing not just strengthens compliance structures but develops a culture of proactive risk administration across the banking sector.