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ARTICLE · 24 JANUARY 2019

Industry 4.0: Audit Professionals Of The Future

There is wide debate around the impact that advances in technology in this disruptive era will have on the scope and relevance of the audit of the future.

NigeriaAccounting and Audit

My early days in the profession witnessed going to the field with loads of prior year audit files stacked in several volumes sometimes up to ten volumes depending on the size and complexity of the engagement. As a year one Audit Associate then, one of my tasks on any engagement was to obtain and move to the field long and short analysis spreadsheets with which we are to document audit work to be performed plus the prior year audit files. Today, audit professionals go to a client with their laptop, equipped with audit software to deliver seamless quality audit service to clients.

However, current technology being used by audit practitioners has its limitations and no longer meets the ever growing needs of practitioners today's complex global economy. Since modern-day audit professionals have been exposed to how applying cutting edge technology can be a key differentiator with clients and talents.  Also as the industry moves forward, organisations will require carefully

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