AUDITS & ASSURANCE
“ Audit firms are also using data analytics and in-house technology to effectively audit data held and processed in clients ’ IT systems , to better identify risks ”
EMILIO PERA , PARTNER AND HEAD OF AUDIT , KPMG LOWER GULF
“ the winds were already changing ,” comments Naveen Kalia , Partner , Audit , KPMG Canada . Auditors have had to adapt to new ways of working at a much quicker pace , harnessing remote tools and methods to deliver audits and connect with clients to review documentation , inspect evidence and engage in a secure environment . “ As a result , information technology and data security have become key ,” adds Pera .
In addition to new remote working technologies , Pera adds that “ recent changes in auditing and accounting standards have led to the increased use of specialist resources and skills as part of the audit , and as technology is playing an increasingly important role in obtaining audit evidence , audit procedures are also reassessed to drive efficiency , whilst not compromising on quality .” businesschief . com 95