Author: Parveen Kumar, National Head, Assurance & Balmukund Chaturvedi ,Associate Director, Assurance, ASA
This article delves into the transformative impact of digital automation on the auditing profession, addressing both its advantages and challenges. As businesses and auditing practices evolve in the digital age, auditors must adapt to leverage tools like data analytics, audit software, and advanced technologies to enhance efficiency and accuracy. However, they also face hurdles such as the need for continuous training, rising expectation gaps, and the complexity of combating digital fraud. Embracing digital techniques is essential for auditors to navigate this dynamic landscape effectively and maintain the integrity of financial reporting.Published on – Tax Sutra
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