How well companies implement technology in audit depends upon how well they’ve dealt with the basics. And more often than not, there’s still a lot of work to be done. What should you consider before moving forward with technology in audit?
How to audit the massive data volumes that companies nowadays process in their financial IT systems? The answer is obvious and recognized by financial auditors: data analysis. The challenge for an audit firm to become successful in data driven audits is not the technology, but to re-design the traditional audit approach.