us auditing? What other technologies will be available to make the cost benefit of continuous auditing a reality for companies? What will this do to the future of the auditor?
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How has this concept developed?
How has the
What is involved in calculating the costs and benefits of continuous auditing?
What other technologies will be available to make the cost benefit of continuous auditing a reality for companies?
What will this do to the future of the auditor?
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- Continuous auditing 1. How has this concept developed? 2. How has the accounting information system and other technologies opened up the opportunity for continuous auditing? 3. What is involved in calculating the costs and benefits of continuous auditing? 4. What other technologies will be available to make the cost benefit of continuous auditing a reality for companies? 5. What will this do to the future of the auditor?1. What do you think is automation? 2. Why is automation needed? 3. What do you think are the advantages of automation? 4. Do you think there are any risks regarding automation? Motivate your answer. 5. What do you think are the characteristics of that can be automated? Name three. 6. What do you think will the role of the processes accountant/auditor/tax specialist/financial manager be in the feature?When it comes to the smooth running of a company, what role does an auditor play? Using relevant examples, explain why this is important.
- How can advancements in technology, such as blockchain and artificial intelligence, revolutionize the field of auditing and enhance the accuracy, efficiency, and security of financial audits in contemporary accounting practices?In the rapidly evolving technological landscape, how can companies ensure that their chosen computerized accounting systems are scalable to accommodate business growth and adaptable to emerging technologies? What considerations should organizations take into account to future-proof their accounting systems against technological obsolescence and changes in regulatory requirements?Why should the product and financial stability of the companies that are on your short list of AIS be investigated?
- How does the adoption of blockchain technology impact financial accounting, auditing processes, and cybersecurity measures within the financial sector, and what are the potential benefits and risks associated with this technological shift1. What is the relationship between accountants and AIS? 2. What are some of the improvements that you may witness from BPR in conjunction with IT systems?How would you assess the level of capabilities of Stop & Shop's use of analytics? What might the company do differently with the data to gain more value?
- How can companies improve their accounting quality, and what are some best practices for maintaining accurate financial information over time?Explain how a strategic understanding of a client’s business may increase the value of the audit service. PermalinkReplyWhat is the best valuation that would help financial managers to achieve high quality accounting standards.