Future thought: the audit is changing | KPMG | CA

Future thought: the audit is changing

Future thought: the audit is changing

How techniques in D&A and Lean in Audit™ are enhancing quality and value in the digital evolution.

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National Data and Analytics Leader, Audit

KPMG in Canada

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Future thought: the audit is changing

How techniques in D&A and Lean in Audit™ are enhancing quality and value in the digital evolution.

Although many can still recall the days of paper-driven audits and manually-prepared spreadsheets, computing capabilities and a new arsenal of cutting-edge tools have transformed both how we approach the audit and the value the audit can deliver. Two innovative approaches in particular—the use of Data and Analytics (D&A) to mine and analyze financial data and the application of Lean principles to better realize value within the audit process—are revolutionizing the way audits are being executed and the results audit clients are seeing.

Now available for download, the KPMG report The audit is changing: How techniques in D&A and Lean in Audit™ are enhancing quality and value in the digital evolution takes a closer look at how the audit landscape is changing and what the audit of the future might look like. Specific topics include:

  • Recent changes in the audit
  • Current D&A and Lean approaches and capabilities
  • What to expect from D&A and Lean in the audit of tomorrow
  • The benefits each approach can yield
  • A D&A and Lean preparedness checklist
  • How D&A and Lean together deliver synergies and enhance audit value

Video: The audit is changing

Audit clients have been looking to get more value from the audit and that’s what D&A and Lean in Audit deliver. It’s important for today’s organizations to understand these tools and techniques and the promise they hold for the future.

If you have any questions about this report or would like further information, please get in touch.

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