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How CPAs can prepare for auditing in the future

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Dec 06, 2017

On December 6, 2017, the Journal of Accountancy released an article on how as breakthroughs in artificial intelligence and machine learning continue at a rapid pace, it’s certain that financial technology (or “fintech”) will play a significant role in the auditing profession.

In the article, Will Bible, CPA, a partner and audit innovation leader with Deloitte & Touche LLP, offers seven actionable insights to help auditors understand how they can best assess and address the changes to come:

  1. Value your role and what you already know
  2. Keep an auditor’s eye on the client’s automation
  3. Take advantage of technology
  4. Get used to exponential, unexpected change
  5. Start small, scale fast, repeat
  6. More than ever, stay informed
  7. Keep calm and audit on

Review the full article on the Journal of Accountancy's website.

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