Old Habits Die Hard: Modernizing Your Audit Practice
Given the availability of data, greater client expectations, and an influx of innovative technologies, today’s auditors are increasingly rethinking how they approach their work and advance efficiencies.
Even before the COVID-19 pandemic, an evolution of audit was already underway. Post-COVID-19, the acceleration toward remote audits shifted into high gear. Clients want and expect their auditors to be current with new technologies, up-to-speed on evolving regulatory changes and professional standards, and well-skilled in communication and critical thinking.
To remain competitive, firms must embrace innovation to help propel them into the next generation of audit.
This white paper explores how firms can modernize their audit practice and, in turn, improve efficiencies, strengthen data security, and attract and retain top talent in today’s challenging environment.