Automating the Annual Audit

BDO in the Boardroom

Innehåll tillhandahållet av Olivia Duffey and BDO USA. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Olivia Duffey and BDO USA eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

1y ago 13:17

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Key Takeaways:

Use of technological automation in the audit can yield increased efficiency, improved accuracy, consistency and quality.
Complexity, data quality, lack of flexibility, resistance to change and over-reliance on technology are challenges to automating auditing procedures that need specific consideration.
Auditors are intentionally and systematically focusing on automating aspects of the audit that build capacity and streamline systems but that also focus on feedback and enablement of adoption.

Board members should be asking auditors about automation use cases and recommendations for improvements to apply to their own financial accounting, reporting and controls areas.

80 episoder

#MBA #Entrepreneur #Business #BDO USA #Erica Orsini #Corporate Governance