Grant Thornton Australia

The adoption of technology is positively influencing and driving efficiencies in many industries – the audit profession is no exception. From streamlining the audit process, to creating efficiencies in client communications, auditors can perform more complex and deeper analysis for their clients because of technology. They’re able to leverage the power of machine learning for repetitive tasks and can analyse large volumes of data. Instead of sample testing a population, certain tech tools can assist in analysing all data to identify discrepancies or outliers. So, how else can technology and AI empower auditors in their day-to-day work?