Harness the power of audit technology to optimize processes and transform assurance
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The Digital Audit Function: Embed Audit Technology to Transform Assurance
89% of non-executive board members recognize digital as an integral part of corporate growth strategies. By embracing audit technology for a digital audit function, organizations can enhance efficiency, address a wider range of risks, and achieve greater impact.
Download The Digital Audit Function guide to:
Understand the concept of a digital audit function
Set a strategy for your digital journey
Recognize capabilities and applications of technology in audit activities
Webinar: The Key Components of a Digital Audit Function
Watch this webinar to explore the attributes and capabilities of a digital audit function and how specific applications of technology can improve audit’s work and drive transformational outcomes.
About Leveraging Audit Technology in Digital Audit Function
A digital audit function goes beyond narrow and limited applications of data and technology and embeds their use into all aspects of the audit’s operation. This includes integrating audit technology both into people and processes, so that digital skills and the application of digital tools are core.
The embedded use of audit technology and the adoption of a tech-forward mindset among all audit staff enables departments to achieve both optimization and transformation. Timesaving technology brings greater efficiency and productivity, while new technology enables transformation via the development of different-in-kind approaches.
Embedding audit technology involves incorporating it into both audit workflows and department operations. For example, auditing processes and techniques such as risk assessment and controls testing can become more thorough and dynamic through the incorporation of audit technology. In terms of function management, technology empowers CAEs to better monitor the progress of audits and the performance of auditors, as well as streamline and evolve the department’s workflows.
As audit technology becomes more and more embedded into audit’s work, auditors must have the right skills and dispositions to make full use of tools and techniques. A digital audit function therefore cultivates a tech-forward mindset within its staff, combining a set of skills — digital ability — with the drive to innovate — digital ambition.