Outsource Acelerator Podcast, hosted by Derek Gallimore, explores business and outsourcing mastery. Inside-knowledge from the outsourcing capital of the world - Manila, Philippines.
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Automating the Annual Audit
MP3•Episode home
Manage episode 377341426 series 2910096
Content provided by Olivia Duffey and BDO USA. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Olivia Duffey and BDO USA or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Key Takeaways:
- Use of technological automation in the audit can yield increased efficiency, improved accuracy, consistency and quality.
- Complexity, data quality, lack of flexibility, resistance to change and over-reliance on technology are challenges to automating auditing procedures that need specific consideration.
- Auditors are intentionally and systematically focusing on automating aspects of the audit that build capacity and streamline systems but that also focus on feedback and enablement of adoption.
Board members should be asking auditors about automation use cases and recommendations for improvements to apply to their own financial accounting, reporting and controls areas.
78 episodes
MP3•Episode home
Manage episode 377341426 series 2910096
Content provided by Olivia Duffey and BDO USA. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Olivia Duffey and BDO USA or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Key Takeaways:
- Use of technological automation in the audit can yield increased efficiency, improved accuracy, consistency and quality.
- Complexity, data quality, lack of flexibility, resistance to change and over-reliance on technology are challenges to automating auditing procedures that need specific consideration.
- Auditors are intentionally and systematically focusing on automating aspects of the audit that build capacity and streamline systems but that also focus on feedback and enablement of adoption.
Board members should be asking auditors about automation use cases and recommendations for improvements to apply to their own financial accounting, reporting and controls areas.
78 episodes
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