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Digital tools are helping audit to evolve in a data-heavy, fast-moving corporate world. Innovative analytical and artificial intelligence tools are transforming audit, enabling auditors to be more collaborative and provide greater insights in real time. The revolution is set to upend a process that has changed little in decades, ensuring that auditors remain relevant and vital to future business.
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How to use technology throughout the audit process

  • Article
  • 06 Jun 2023
Audit teams face a growing array of new technology. This interactive graphic provides examples of the tools that will make audits more effective and efficient from start to finish.
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acorn orange audit technology small firms ICAEW
The future of audit technology, part 1: small firms

While still in many cases at a nascent stage, use of AI and open banking tools in small firms is spurring a democratisation of the audit market.

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small new plant green leaves dirt audit technology medium firms ICAEW
The future of audit technology, part 2: mid-tier firms

Strategic partnerships with technology specialists and a rigorous understanding of data are key to helping mid-tier firms seize the opportunities of a digital future.

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The future of audit technology, part 3: larger firms

As audited companies become increasingly data rich, new technologies are helping larger audit firms to hone the quality, accuracy and insight of their audits.

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