Emerging technologies, like artificial intelligence (AI) and advanced data analytics, can improve audit quality in significant ways. As the regulatory overseer of public-company audits, the Public Company Accounting Oversight Board (PCAOB) has a critical role to play by ensuring that its audit standards evolve as the audit profession evolves.
PCAOB board member Christina Ho discussed the evolving role of emerging technologies in the auditing profession during a Sept. 16 virtual event hosted by AI risk management software provider MindBridge. She also described the evolving standard-setting approach the PCAOB should be taking.
