Here is what Andy Hines, audit manager for Texas-based Top 100 Firm Whitley Penn has to say: “In the accounting industry, we are seeing a race to the cheapest price — the commoditization of the audit ...

The data-driven audit: Technology and the future of auditing. Cathy Rowe, Senior Vice President and Segment Leader, U.S. Professional Market, Wolters Kluwer Tax & Accounting North America, discusses ...

Is the future of audit really all about AI, or is it just hype? Newsletters Games Share a News Tip. Featured. ... each new accounting scandal jeopardizes this hard-won stature. 2. Talent.

The UK’s Financial Reporting Council (FRC), has set a deadline of June 2024 for the Big Four accounting firms to separate audit practices from the rest of their other operations to avoid ...

3 Technology Changes That Will Shape the Future of Accounting. By staff-author. September 17, 2018. 499. Facebook. Twitter. Linkedin. ... they should meet with their accounting and audit teams.

An accounting audit performs a necessary function of assuring that a company not only is being truthful in its financial reporting but also that the company's operations are working as intended ...

AI could help audit teams reasonably predict future risks and recalibrate their approaches. Additionally, AI presents interesting opportunities for accounting areas like fraud detection. Another ...

Technology has wrought many a change in your average accounting firm — completely revamping tax prep and bookkeeping — but it has had much less impact on the audit function over the past two decades.