Audits are changing significantly. The core goals remain, but audit tools, execution and results are being transformed and expanded by new capabilities in Data & Analytics (D&A). This will be more than a trend
This is the way audits will be conducted by virtually all the major accounting firms, and it is critical that audit committees and auditors begin working together now so audit committees understand where the process is heading, what the broad benefits are and how to work effectively with management to enable a smooth and effective shift within their organisations.
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