The Audit of the Future

August 28, 2016

The capabilities of technology are likely to evolve to the point where it can be more usefully applied to audits, according to the editors of Accounting Today. With an eye to the many new audit tools and approaches being developed, the publication asked a number of experts in the field to comment on where it’s headed and what auditors and their firms need to do to keep up. The panelists in AT’s virtual roundtable included Susan Coffey, AICPA executive vice president for public practice, who said, “Technology is a tremendous enabler to the audit. The ability to more efficiently and effectively access and analyze structured and unstructured data can translate to a higher-quality audit and better insights into the business for the auditor and the client alike.”