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Audit Trends

Audit Trends

Talent, tech and turmoil are shaping the audit environment.

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Canadian Managing Partner, Audit

KPMG in Canada

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As technological innovation and cyber security continue to increasingly impact the global business and financial landscapes, both audit committees and CFOs are acknowledging the need for top talent to help manage and leverage those challenges.

The role of the audit committee is ensuring that the right people, experience and knowledge are available to the organization at the managerial and operational levels, but also within its own makeup. This is just one of the many challenges to emerge in the third edition of Audit Trends.

Today's audit committees are responsible for helping to guide the organization through a range of issues and challenges that are broader than ever before, while still fulfilling their traditional compliance and reporting mandate. While audit committees are eminently aware of this necessity, our report suggests that Audit Committees and CFOs are not sure how well positioned their organizations are to address the full slate of current and emerging trends.

To bring this and other key concerns into focus, Audit Trends looks at these top seven challenges:

  1. talent and human capital
  2. technology and cybersecurity
  3. business model disruption
  4. regulatory change
  5. political/economic uncertainty
  6. changing reporting expectations
  7. environment/climate change

As mandates and responsibilities evolve, this report will prove a valuable resource across the audit stakeholder spectrum.

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