Podcast: Inside Accountancy Episode 5 – Can technology solve the audit crisis?
Podcast: Inside Accountancy Episode 5 – Can technology solve the audit crisis?
In the latest podcast we talk to Katie Canell and Simon Cleveland from Deloitte about whether technology can solve the audit crisis and what role humans still have to play in audit.
In the latest episode of Inside Accountancy, Accountancy Age’s reporter Tom Lemmon talks to Simon Cleveland, UK Public Policy and Regulatory Lead at Deloitte, and Katie Canell, Managing Director, UK Audit Innovation at Deloitte, about the role technology could play in solving the audit crisis.
Technology is dramatically changing how businesses work, and that in turn is transforming how audit needs to function. In the wake of a string of audit scandals, can technology provide a route out of the crisis?
In this thought-provoking podcast, we discuss:
Whether audit is particularly prone to error
What the key technological developments are that will change audit
What technology can’t solve
How any reform should be made with regard to technology
Whether technology can remove issues of culture in audit
Listen and subscribe to our podcasts on Blubrry, Spotify, Apple Podcasts and Google Podcasts.
Why Professional Services Firms Should Ditch Folders and Embrace Metadata
3y
Why Professional Services Firms Should Ditch Folde...
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
2 Vital keys to Remaining Competitive for Professional Services Firms
3y
2 Vital keys to Remaining Competitive for Professi...
In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
This follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
PwC's decision to delay promotions in its graduate scheme, affecting around 100 graduates, is a response to reduced client demand and the aftermath of...
Traditionally, audit schedules have been prepared manually, consuming significant time and resources. However, with the advancements in Artificial Int...
EY's resignation as Asda's auditor highlights importance of personal compli...
2m
Accountancy Age
, Reporters
EY's resignation as Asda's auditor highlights impo...
On January 27, it was reported EY had quit as auditor to Asda amid one of its senior partners starting a romantic relationship with billionaire chief ...
AI is an emerging risk for auditors, new research shows
2m
Rachael Kennedy
AI is an emerging risk for auditors, new research ...
Despite the increased interest in AI and ML, only 12% of respondents indicate their organisations have adopted AI and ML within their audit functions....
The role of auditors in the Post Office scandal: A need for greater account...
2m
Accountancy Age
, Reporters
The role of auditors in the Post Office scandal: A...
As the government's independent investigation progresses, it is hoped that a clearer picture will emerge, leading to meaningful reforms within the aud...
ACCA supports FRC proposals to strengthen auditor requirements
2m
Accountancy Age
, Reporters
ACCA supports FRC proposals to strengthen auditor ...
The proposed enhancements, including the focus on material misstatements arising from non-compliance, the introduction of a risk assessment process, a...