We found a match
Your institution may have rights to this item. Sign in to continue.
- Title
The Current State and Future of the Audit Profession.
- Authors
Lombardi, Danielle R.; Bloch, Rebecca; Vasarhelyi, Miklos A.
- Abstract
Audited financial statements are intended to be timely and useful in decision making. To remain a valuable and relevant service, auditing must find a way to evolve. This paper summarizes a recent study (''The Future of Audit,'' Lombardi, Bloch, and Vasarhelyi [2014]), which conducts an interactive forecasting method to gain expert consensus on the current state of the auditing profession and on how the profession will evolve over the next decade. Expert consensus emerging from the study includes increasing automation of audit procedures, more predictive financial statements, continuous auditing, and maintaining a global outlook on audit transactions.
- Subjects
AUDITING; COMPUTERIZED auditing; AUDITING procedures; AUDITED financial statements; FORECASTING methodology
- Publication
Current Issues in Auditing, 2015, Vol 9, Issue 1, pP10
- ISSN
1936-1270
- Publication type
Article
- DOI
10.2308/ciia-50988