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What Are the Capabilities of Audit Software? Where Is It Headed?

Publisher IDC
Published Jun 05, 2023
Length 6 Pages
SKU # IDC17999911

Description

What Are the Capabilities of Audit Software? Where Is It Headed?


This IDC Perspective explores the value, technology, and talent pipeline of auditors. The audit profession has been around for centuries because it not only provides owners of enterprises' confidence in their financial books but also keeps them out of trouble. Audit technology now includes not only advancements in NLP, ML, and AI but also continuous auditing and blockchain capabilities that can increase accuracy, capacity, and efficiency in your audit department."Auditors bring value, but they also need technology to help them with the workload and assurance. Technology used by audit professionals should be updated and upgraded continuously to enhance compliance and reduce risk." — Heather Herbst, research director, Worldwide Office of the CFO, IDC

Please Note: Extended description available upon request.

Table of Contents

6 Pages
Executive Snapshot
Situation Overview
Audit Software Is Important
New ML and AI Capabilities in Audit Software
Game-Changing Capabilities with Audit Software
Reduction of the Talent Pipeline in the Audit Profession
Invest in Audit Software
Advice for the Technology Buyer
Learn More
Related Research
Synopsis

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