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Auditing Topic 3

Technology is significantly transforming the audit profession through tools like AI, RPA, and blockchain. These advancements improve audit quality by enabling better data analysis, automating repetitive tasks, and enhancing transaction transparency. However, they also necessitate continuous upskilling for auditors to keep pace with these changes.

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Raon Miru
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6 views1 page

Auditing Topic 3

Technology is significantly transforming the audit profession through tools like AI, RPA, and blockchain. These advancements improve audit quality by enabling better data analysis, automating repetitive tasks, and enhancing transaction transparency. However, they also necessitate continuous upskilling for auditors to keep pace with these changes.

Uploaded by

Raon Miru
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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How Technology is Transforming the Audit Profession

Type: Technological Focus

Auditing is evolving rapidly due to advances in technology. Tools like artificial


intelligence (AI), robotic process automation (RPA), and blockchain are changing
the way auditors work. AI can analyze vast datasets to detect anomalies or patterns
indicative of fraud. RPA automates repetitive tasks like data entry and transaction
matching, freeing auditors to focus on high-level analysis. Blockchain offers a
tamper-proof way to record financial transactions, improving transparency and
traceability. These technologies enhance audit quality and reduce time and cost, but
they also require auditors to upskill continuously.

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