Advancing audit quality through technology
Auditors are harnessing technology to efficiently and effectively organize data and facilitate more informed and timely decisions. The profession’s embrace of the digital revolution has accelerated since the onset of the pandemic, and CPAs are capitalizing on opportunities to use technology to deliver high-quality audits.
The use of digital platforms and data analytics in audits gives practitioners the ability to analyze complete datasets in ways that were not possible in the past. Equipped with information generated by the software, auditors can more effectively perform risk assessments, design more appropriate procedures, and investigate anomalies that might have gone undetected if the audit relied on sampling rather than a full analysis.
Learn more about how CPAs are using technology to advance audit quality in this video featuring Sue Coffey, CPA, CGMA, CEO – Public Accounting at the Association of International Certified Professional Accountants, representing AICPA & CIMA, and Center for Audit Quality CEO Julie Bell Lindsay.