“Looking at a process and its related controls through the use of analytics means we can unveil the sources of process issues. It allows a focus on what has gone wrong. It can enable auditors to isolate transactions that have different risk profiles and tailor their approach to be responsive to the different levels of risk.”
The above line, taken from a recent article written by Ernst & Young’s Global Vice President of Assurance, Felice Persico, is just one way that technology is transforming the way we perform an audit.
Is your firm taking advantage of what technology has to offer?
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