Deciding on the best audit approach isn’t a cookie-cutter process. While a long-standing relationship with a client or in-depth industry knowledge can give auditors a leg up, defining an effective audit approach requires careful consideration and planning for every engagement. After all, your audit teams understand that every client is...
Change is scary. But with a little risk, a lot of planning, and some extra effort comes an opportunity for growth and reward. That’s what makes change management so important. As a manager, department head, or executive how do you know when it’s time for change? How do you invoke...
The explosion of remote work is one of the biggest shifts to come out of the COVID-19 pandemic. Social distancing rules and concerns of employee safety have forced many to settle into working from home. But what does that mean for the future of remote audit, and for the auditing...
Does your audit methodology need a facelift? When most people think of an auditor, they picture someone working away on a calculator with a gigantic stack of paper beside them. Invoices, transactional documents, payroll documents, let your imagination run wild. The point is, there’s always a stack of paper, albeit...
Well, it’s finally here. According to an article from Forbes Magazine, we have reached the age of automation. From AI and machine learning to financial automation and robotics, we’re officially an automatic civilization. Please, be kind to our new robot co-workers. Okay seriously, this is important stuff, even if we...
The audit industry has seen a bit of a shakeup in the past few years. New technologies, regulator crackdowns, big firms acquiring and merging, and a general push for improved processes and a review of age-old standards are all signs of new things on the horizon for our industry. But...
ISA 315 (revised) and Data Analytics: Risk assessment procedures reimagined The revised standard has been published as of December 2020, and you might be wondering what impact it has on your firm’s risk assessment procedures and how you can address the requirements. There are many useful sources of information on...
INTERVIEW WITH Stephen McIntosh Tax consultant, auditor, INTARIA AG In July of 2020, MindBridge took another step in the journey to global expansion. Partnering with Regensburg-based startup, 5FSoftware, MindBridge’s software solution is now being distributed to firms in the German and Austrian markets. This is a major development that will...
An auditor can view themselves as many different personas, but up until recently ‘audit data analyst’ was not one of those personas. The truth is, I’ve always thought that this was a bit of an unfair position for auditors. For as long as I have been involved in the accounting and finance...
For most auditors, surviving another audit busy season can be a rough ride. Between the 60-80-hour workweeks and the constant pressure to meet deadlines, there’s little time to rest, gather with family or friends, or enjoy personal hobbies. The reality is that stress is at an all-time high during the...
Tech-driven audit approach: What you need to know
Change management: What is it, and why is it important?
Simplifying remote audit using AI auditing software
Should you update your audit methodology?
Financial automation: The good, the bad, and the future
Will DAS (the Dynamic Audit Solution) change the audit industry?
ISA 315 revised: What it means for risk assessment procedures, and data analytics
Digital auditing tools and AI in auditing practice: A conversation
From person to machine: The role of audit data analysis
Tools and tips for the audit busy season