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About Potential Threats For The Auditing Profession, Audit Firms and Audit Processes Inherent in Using Emerging Technology
This document discusses potential threats to the auditing profession from the use of emerging technologies like artificial intelligence, robotic process automation, and big data. It notes that while these technologies could improve audit efficiency and effectiveness, they also create risks if not properly addressed. The key threats include issues with data inputs, overreliance on technology harming auditor judgment, skills shortages, high implementation costs, disruptions to the audit process, and outdated auditing standards. The paper aims to help audit firms understand these threats as they decide whether and how to invest in new technologies.
Detailed Information
| Author: | ['Tiffany Corsino'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 11 |
| Language: | English |
| Format: | |
| Price: | FREE |
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