The audit tools many firms rely on today are inefficient and often lead to common missteps found in peer review. Add to that, the accounting profession faces growing pressure to change how audits are performed to meet quality expectations under increasingly compressed timelines.
The real opportunity to auditing differently is the intersection of audit content with available data and emerging technology. This data-driven cloud audit will enhance quality, drive efficiencies, and allow firms to service clients in a way that wasn't possible before. During this 25-minute education lab, we will discuss:
- Why it matters that the regulatory bodies now expect 'a different way to work'. - How to manage change as you adopt a new auditing model. - Ways an integrated audit approach helps you get to your ‘new model’ faster.
Attendees will leave this session with steps for creating their firm's digital transformation plan.
Identify the technology that aligns with the new auditing model.
Create a plan to successfully transform your audit practice.