Presentation held at the "International Conference on Auditiding Services" on IEKA's 20th anniversary.
In an Oxford study in recent years, Audit was evaluated as one
of the most likely professions to be fully automated in the near
future / with a probability of 94%.
While the pressure for more effective and efficient audits has
always been there, in recent years one can also see a clear trend
of greater expectations towards auditors.
Regulators, clients and the public want to see beyond the pages of
the Audit Opinion. They don't want to get just assurance, they
want to get insights.
While routine procedures can be performed in a more automated way,
insight requires knowledge that goes beyond data analysis.
Auditors accumulate a vast experience throughout their career in
subjects that go beyond just the financial figures: understanding
of the industry, value creating mechanisms, governance and control,
systems and processes etc.
All this can generate valuable insight that can be channeled
through various services both in the Assurance and Advisory
area.
Through this presentation in the conference organized for the 20
years anniversary of IEKA, I outline some of the ways in which
auditors can expand their role in the future in a meaningful way
for businesses in Albania and the region.
Download the presentation here.
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