Five myths of the audit profession

The audit profession offers many opportunities to grow your accounting and business expertise. Despite that, there are some myths about the profession that come up frequently. In celebration of the 2018 #AuditorProud Day, we asked our people to help us dispel five common myths about being an auditor. Watch them describe, in their own words, why they are #AuditorProud.

Myth #5 – The audit profession is stagnant and boring.

Megan Watkins, Audit Services associate, explains how innovation is disrupting the audit practice as we speak. We’re using innovation and technology throughout the audit process to provide high quality and more value to our clients.

Myth #4 – Audit is not a high-tech field.

Watch Sarah Ross, Audit Services senior associate, describe how innovative technologies like data analytics, robotic process automation (RPA), artificial intelligence (AI) and blockchain are changing the way we’re performing audits. These technologies allow us to improve our quality and provide unique business insights to our clients.

Myth #3 – Audits will only be done by machines or robots in the future.

Building the audit of the future is not strictly a technology play. Rocky Bae, Audit Services manager, describes the role people play to interpret the data and give our clients in-depth analysis and insights.

Myth #2 – Audit isn’t a good profession for women looking to build a long-term career.

Grant Thornton has many women in senior audit roles around the firm. Jackie Rosenfeldt has successfully been able to balance her family and career while achieving the role of Audit Services partner.

Myth #1 – Audit is strictly a compliance function. There’s little to gain from an audit opinion.

Audit opinions contain enormous value for clients. Jeff Burgess, Audit Services national managing partner, explains how financial statements can be a source of deep strategic business insights for clients and how technology will improve audit quality and business decision-making.

Hear firsthand stories from our people about why GT is a great place to work.