A global, immersive, invisible, ambient network-computing environment built through the continued proliferation of smart sensors, cameras, software, databases, and massive data centers in a world-spanning information fabric known as the Internet of Things. The idea is to live in connected world. Altogether varieties of connected objects from smart home appliances like televisions, laundry machines, thermostats, refrigerators to Industrial Internet of Things (IIoT) and Internet of Medical Things (IoMT) are going to conserve the potential of IoT connectivity in all paces of future smart world. However, it has high importance to preserve adherence of enormous benefits of IoT connectivity, which might lead to unseen security and privacy issues and vulnerabilities that will cause various malicious attacks including waterhole, ransomware, eavesdropping, and others to exploit the potential of smart objects. This paper will present and forecast advanced concepts for end-to end security and privacy issues in a highly distributed, heterogeneous and dynamic network of IoT devices, which may reveal a holistic approach of device identification, authentication, and management, security, and privacy concerns.

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This paper examines the manner in which audits would be conducted in the future and how technology has transformed and impacted the business processes of public, private sector entities and various organisations and the guidelines which need to be followed to ensure compliance with applicable laws and regulations. The tranperancy of financial statements is of paramount interest to shareholders and other significant stakeholders. This necessities that the financial statements are audited to acquire a certain level of confidence over the integrity of numbers and the validity of business rationale which thereby arises a need for auditor to be well equipped with all the tools and system essentials in carrying out an effective and efficient audit. Information Technology can act as an impediment or stimulant towards the achievement of the above discussed objective. Various organizations use automation tools and ERP applications which have become a vital cog in their internel control environment. Understanding by auditor of these automated controls is necessary to ensure that the they are well equipped with the requisite skills and have knowledge of all technological tweaks that would be required in the audit process of a complex structured entity. The primary function which can be performed by generalized audit software include customizing data in numrous ways to serve the distinct purpose. The audit teams obtain insights into latest developments and plan their procedures accordingly keeping in view the applicable professional standards.

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