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Background: The pandemic of Covid-19 brought significant changes to the education system and forcibly accelerated the process of digitizing teaching. Students and educators had to adapt to the new way of education, facing challenges such as technical problems and a lack of technical skills and social contact. Objectives: The purpose of the paper was to explore the attitudes of the university and high school educators and students towards the pandemic’s impact on digitization in teaching. Methods/Approach: Data were collected through a questionnaire distributed to university and high school educators and students in Croatia, Poland, Serbia and Germany in the field of accounting, finance, trade, tourism, and other areas of interest, resulting in 2,897 responses. The results were analyzed using descriptive statistics and non-parametric tests. Results: The research showed that: 1) high school students were less optimistic about the positive impact of the pandemic on applying digital tools in teaching than university students, 2) educators generally prefer traditional exams, while students generally prefer e-exams, 3) a higher proportion of university respondents believe that e-learning should be used as an important addition to traditional teaching when compared to high school respondents. Conclusions: The pandemic has changed how the teaching process will be performed, but we should learn from experience and address the issues with e-learning.

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External audit of financial statements plays a key role in achieving transparent financial reporting, since its purpose is to provide reasonable assurance that the presented financial statements are free of material misstatements due to fraud or error. In the process of fulfilling this role, auditors must be adaptable, especially when it comes to technological advancements. This chapter explains the effect that new technologies have on audit of financial statements. In addition to summarizing the technological changes that impacted the audit profession in the past and therefore introduced new generations of audit, the authors have identified issues and challenges in the way the audit is currently performed. Some of the new technologies that are discussed in this chapter have the potential to mitigate these issues. However, new challenges and risks may be introduced with accepting these technologies in the process of financial reporting and auditing.

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