Companies today need to be looking for auditors who are innovating and taking advantage of current technologies and capabilities. Technologies equip auditors with greater access to business observations and enable them to deliver recommendations to clients to improve not only their controls, but also their business.
Through the use of technologies, auditors can streamline the audit process by automating analytics, giving rise to higher quality audits that reveal a more holistic picture of the business. Auditors dive behind the numbers by overlaying analytics onto financial statements to discover areas of improvement and business enhancement.
In a recent example, innovation enabled auditors to boost efficiency by cutting a 24-hour process per quarter to three hours.
Watch “Audit innovation in action: Technology spurs quality” to learn more about the transformative power of AI and data analytics in audits of the future.