Jun 14, 2018 9:34:16 AM

Building the Audit of the Future: Diving Deeper into the Role of the Auditor

Last week in “Building the Audit of the Future: The Roles of Robots and Humans”, we talked about the technology pieces of the audit of the future and the need to understand several components in order for auditors to be anticipatory in the coming years. We discussed process automation, efficiency (and data analytics), accuracy expectations and cyber risk mitigation. We left off just as we began touching on my favorite part of the audit process – discussing threats, concerns, mitigating factors and the future with clients.

Topics: Cyber Assurance Insights, Audit of the Future

Jun 7, 2018 9:30:00 AM

Building the Audit of the Future: The Roles of Robots and Humans

When most people think about the audit of the future they think about robots. Now, I don’t know about you but when I think about robots and the future I think about people wearing white jumpsuits driving flying cars. In my mind, I see a mix of something like the Jetsons meets Tomorrow Land in Walt Disney World. Unfortunately, while all of this is very exciting, it’s not exactly what the audit of the future is going to look like. Instead, the audit of the future is going to look technical at first (so, there will be some robots), and then it will take a fast 180° and feel a lot more fluid than technical. Today, I want to talk about the first half of the audit of the future, the technical piece, and then next week dive into the less concrete, client relationship piece.

Topics: cybersecurity, Cyber Assurance Insights, Audit of the Future

Jul 20, 2017 10:37:00 AM

Better, Faster, Cheaper? What Audit Clients Should Expect from Next Generation Audits

The auditing profession is understandably shaken by the impact of automation on audit services. A substantial portion of what we as auditors do now as auditors can and will be accomplished by machines in the not too distant future. Oddly enough for a client service profession, the topic of how these changes will impact our clients has never come up. A quick Google search shows no articles or information on what audit clients should expect to experience in the next 3-7 years. With all the focus on our profession, processes and standards, we’ve lost focus on the most important part of our services: the client.

Topics: Next Gen Audits, Audit of the Future