The Future of Auditing Over the next few years, investors and regulators will expect more predictive analytics in both the official audit opinion and periodic business performance updates. To that end, auditors will need to be conversant in predictive analytics and find ways to quantify the impact of non-financial events and trends. Investors and regulators both will expect auditors to be tech savvy and to understand how technology can better the audit process. Auditors will need to keep their skills up to date to respond to the challenges created by heightened expectations of the profession. The digital age creates opportunities and threats.

REQUIRED:

One day at work, you were asked the following questions:

What do we expect in the future regarding technology in audits?

How is auditing evolving?

How is auditing changing with technology?

Answer rating: 100% (QA)

The future of auditing is expected to be significantly influenced by advancements in technology With the everincreasing dependence on data and digital tools auditing is currently evolving to incorpora... View the full answer