Metaverse has become one of the most noted innovations by leaders who see themselves as capable of delivering new experiences that shape the mindset and skills that drive the business movement forward. Argo Company, as one of the manufacturing industries, has invested funds in the development of the metaverse, has embraced the metaverse by using Augmented Reality to support all operational activities, especially helping auditors to identify and analyze all evidence of registration of the transactions that have been carried out. Through metaverse-based auditing, it has provided new opportunities that increase capabilities and support the activities of auditors on an ongoing basis, so by making the virtual world a reality, the scope and thinking of auditors have expanded in the future. In its implementation, it adheres to the code of ethics and auditing standards in order to increase success in the proper verification of all data, where the existence of metaverse audits has improved performance more effectively.

• In your opinion, does audit metaverse innovation have great potential to help prepare audit planning strategies, investigate fraud, create terms of reference, ensure internal control, and make better recommendations? Please describe in detail the example process and critical input you can provide as an auditor when conducting a metaverse audit of a department.

• Does the change in standards from GAAP to IFRS have an impact on the auditor performing audit activities as a whole? Explain the reason.