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Technology In Audit Engagements Assignment | Homework For You

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November 7th, 2019

Your task:

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Your task is to research recent developments in audit technology and prepare an email response to your colleague which covers the points below:

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• Briefly explain 3 key technologies that are affecting (or threatening to affect) the audit profession (for example: Audit Support Systems, Blockchain technology, etc.).

• Discuss the “disruptive” potential of these technologies (e.g. how will they change the way auditors operate). As part of your discussion, identify how the technologies can:

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o affect communication within the audit team,

o support auditor’s analytical procedures at various stages in the audit, and

o reduce the influence of auditor bias in decision-making.

• Comment on whether (and to what extent) you feel these technologies have the potential to replace human auditors.

• Comment on which of these technologies you feel would be most appropriate for your firm to adopt, and why. Get Accounting homework help today

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