{"id":127130,"date":"2024-07-08t11:59:05","date_gmt":"2024-07-08t15:59:05","guid":{"rendered":"\/\/www.g005e.com\/?p=127130"},"modified":"2024-08-29t23:52:53","modified_gmt":"2024-08-30t03:52:53","slug":"audit-firms-nervous-about-new-tech","status":"publish","type":"post","link":"\/\/www.g005e.com\/2024\/07\/08\/audit-firms-nervous-about-new-tech\/","title":{"rendered":"audit firms nervous about new tech"},"content":{"rendered":"

\"bar<\/strong><\/p>\n

a \u201cspeed revolution\u201d is on the way. are you ready?<\/strong><\/p>\n

by 卡塔尔世界杯常规比赛时间 research<\/em><\/p>\n

\u201cprogressive technology\u201d is about to boom.<\/p>\n

more: <\/b>what accountants can learn from t-ball<\/a> | staffing tops list of woes at cpa firms<\/a> | why the dry pipeline? it\u2019s about time<\/a> | whole person retention: when it\u2019s not just the money<\/a> | seven enticements to keep talent on board<\/a> | disruptors: talent crisis? what talent crisis?<\/a> | seven steps to a stronger future<\/a> | auditing standards \u2018yellow book\u2019 updated<\/a> | compensation\u2019s up, but up enough to retain staff?<\/a> | cpas needed to help small biz adopt ai<\/a> | survey shows that tech remains the great divide<\/a> | will unclogging the accounting pro pipeline kill mobility?<\/a>
\n\"goprocpa.com\"exclusively for pro members. <\/span><\/strong>log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/h4>\n

 <\/p>\n

but are audit firms on the cusp of the boom-to-be? apparently not. a thomson reuters survey of audit firms finds that there\u2019s still a big gap between ambition and execution. only 14 percent of auditors in the u.s. can brag that a \u201cdigital transformation\u201d is well under way at their firms, though another 35 percent say they are starting to implement progressive tech.
\n
\nanother third are just thinking about it, and another 8 percent haven\u2019t even done that.<\/p>\n

and a good 10 percent have decided to avoid the hassles and the benefits of progressive tech \u2013 at least for now.<\/p>\n

progressive tech includes such tools as ai, genai, chat gpt and other advanced automation. the survey gathered data from the u.s., uk and canada. the u.s. led in implementation, at 49 percent, while only a third in the uk and canada had moved beyond mere consideration of the possibility.<\/p>\n

\"bar<\/strong><\/p>\n

mostly for the fieldwork<\/strong><\/p>\n

the most common operational improvement that firms hope to effect with tech is in actual audit procedures and fieldwork, specified by 56 percent of u.s. firms. thirty-seven percent see potentials in planning, from identifying risks to designing requisite audit programs.<\/p>\n

slightly fewer \u2013 30 percent \u2013 intend to apply progressive tech to pre-engagement data collection and the preparation of final reports and statements.<\/p>\n

a speed revolution<\/strong><\/p>\n

among all respondents, 47 percent see the strongest potential impact in execution and fieldwork, with 80 percent believing that ai systems will increase the speed and ease of data processing, data management and data extraction.<\/p>\n

the report calls it a \u201cspeed revolution.\u201d<\/p>\n

\"bar<\/p>\n

auditors in the three nations have different focuses on ai utilization. in the uk, 46 percent are applying the new technologies to the identification of anomalies and irregularities, compared with 38 percent of u.s. firms and just 23 percent of canadians.<\/p>\n

canadians are more likely to apply high-tech tools to risk assessment and fraud detection.<\/p>\n

obstacles<\/strong><\/p>\n

the reluctance to adopt next-gen tech among many firms may be explained by various obstacles identified in the report.<\/p>\n