A New Audit Methodology for the Digital Era: PlanningMark Edmondson Posted
The Digital Audit methodology provides a streamlined and highly effective approach to planning audit engagements.
Workprograms to capture documentation and advanced user interfaces to support more challenging areas quickly satisfy audit standard requirements, while ensuring that a high quality, efficient audit is designed.
Risk assessment is a complex, central part of the planning activities and will be covered in more depth in a future article.
Catch up on other articles in the audit methodology series:
- A New Audit Methodology for the Digital Era: Planning
- A New Audit Methodology for the Digital Era: Workprograms
- A New Audit Methodology for the Digital Era: Audit Data Analytics
- A New Audit Methodology for the Digital Era: Sampling
- A New Audit Methodology for the Digital Era: Risk Assessment
Inflo Insight | Strengthen Your Advantage
Launched in 2021, Inflo Insight delivers thought leadership articles, research and expert opinions on accounting and audit issues. Our content examines the complexity and challenges audit firms are facing in an evolving business landscape. Our intention is to summarise and simplify key trends and takeaways that saves you time, builds knowledge and capability to adapt.
Inflo was founded by former Big Four auditors with the objective of making more progressive audit technologies and methodologies available to audit firms of all sizes. Our Digital Audit technology and approach improves the quality and relevance of the audit product for over 70% of the UK’s largest, non-Big Four firms. Our goal is to educate and support the profession to embrace and adapt to change and strengthen your advantage.
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