There’s no doubt that trust is a key component in the effective working of the capital markets. Financial information must be seen as reliable and accurate for the markets to function effectively. The key to this is the work of auditors.
At the same time, advances in technology and a huge proliferation in available data means that the financial reporting landscape is changing. Investors and other stakeholders now have access to an almost unlimited depth and breadth of information. There’s a heightened need for the audit to keep pace with the times and provide deeper insights for investors and other stakeholders into a company’s financial status and performance.
“D&A powered interrogation of a client’s data reveals richer insights than ever before. This helps increase audit quality and can be a linchpin to building trust in the capital markets. The insights gained can help clients to strengthen their governance and controls too. It’s the way of the future for the audit — and it’s happening now.”
This article explores how D&A in the audit is driving up audit quality and helping to provide audit committees with more meaningful insights.
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