Open Banking in Audit: Bank Confirmations
Technological evolution is relentless across the world of business. Keeping pace with that change means auditors and accountants are evolving working practices to maintain the relevance of their work. Administrative audit tasks such as trial balance tie-in or lead schedule creation are now automated. Audit sampling is being replaced by Audit Data Analytics to address the highly transactional nature of modern, global business.
Are bank confirmations in audit– one of the staples of a junior auditor’s career – the next in line to be modernised by technology? Read more in our latest Inflo Insight below