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For audit, with better tech comes greater expectations

John Ebner | January 23, 2018

Technology empowers auditors today. But the people and their skill sets make the difference.

Just as an artist chooses which chisel is right to help delicately sculpt a hand on a marble statue, so too must today’s audit practitioners know which of the available advanced technologies available to them are appropriate for deriving audit evidence that supports financial reports. It can be complex work, and practitioners must know how to choose the appropriate tool and how to use it.

Robotics, natural language processing, predictive analysis, cognitive capabilities, workflow automation, etc., are emerging tools that can allow more (and better) analyses in a shorter timeframe. In some cases, tools can offer the capability to analyze up to 100 percent of an organization’s transactions.

Advanced technology: the price of entry

In a recent...

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