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Section Meeting: How is data analytics transforming the audit function?

Photo: Priya Gopinath
Priya Gopinath

Technology adoption and advancements in business operations and increasing use of data analytics/ visualization are paving the way for audit functions to re-imagine the way in which audits are planned and executed. A transformed audit model includes analytics beyond sample-based testing to include full population analyses of audit-relevant data. Analytics enables greater assurance in identifying and sizing business risks, provides necessary audit evidence and enables auditors to offer deeper, relevant and actionable insights to business stakeholders. How are audit departments leveraging analytics? Are audit departments rating analytics as valuable in achieving their objectives? What analytics tools are most commonly used? What skills should auditors of the future consider adopting to grow and align with such a transforming model? Join us to discuss these and share your perspective or approach on this important topic at this section meeting.

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