How Technology and Data Analytics are Revolutionizing Auditing — Part 2
Auditing is undergoing a paradigm shift, influenced by the rapid advancements in technology and data analytics. As organizations embrace more complex, digital processes, how they’re audited is changing.
Data analytics and advanced information technology have made some traditional auditing methods outdated, experts say. Instead of these older methods, many audits can now be streamlined through email communications or regular data sharing.
“Data analytics and information technology has both made many forms of auditing obsolete and opened doors to auditing processes and methods that have not existed in the past,” says Timothy McClung, a self-employed test systems architect. “Many audits can now be bypassed with a simple email or regular data share.”