New technologies are transforming the audit profession, allowing auditors to offer greater insights to clients and focus on higher-risk areas of their clients’ business. Despite the availability of technologies like AI, machine learning and blockchain, many firms have struggled to take full advantage of their transformative potential.
A new Caseware eBook, The 3 Cs of Successful Audit Transformations, examines how firms can implement a successful audit transformation plan by focusing on methodology, execution and user experience. Success is achieved not by merely enhancing existing processes, but by establishing a completely new way of operating.
The eBook outlines three critical touchstones – the 3 Cs – that should guide every firm’s digital audit transformation plans. They are:
- Cloud – the use of cloud-based technology to ensure a smooth transformation
- Connect – linking client data and documents to establish a fully integrated workflow, while also facilitating client collaboration and interaction
- Create – creating a new methodology that maximizes the potential of new digital tools
Technology is transforming the audit industry and giving firms that successfully adapt to it a significant advantage over firms that don’t. Audit practices that use digital solutions can conduct more accurate audits based on complete data sets, more easily identify potential risks and provide better strategic advice to their clients.
This eBook will give you a methodology to enable your digital audit transformation, ensuring your operations become more efficient, that you are able to meet your clients’ expectations and ultimately grow your revenue.
Download your copy now!