Audit
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How will AI change audit?
From samples to full populations, from checklists to judgement: what technology changes in audit may be less the speed of the work than its centre of gravity.
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What can e-ledger data reveal?
Turkey’s e-ledger contains all of a company’s accounting entries in a standard, machine-readable format. Examined with the right questions, it reveals inconsistencies and unusual transactions that sampling cannot see.
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How do you identify key control points in financial processes?
A process that tries to check every step slows down; a process that checks none notices errors only at month end. The real job is to find the points where an error would be most costly and place the control there.
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What makes a good audit working paper?
An audit working paper records the work done, the evidence obtained and the conclusion reached. A well-designed one is clear, standard and traceable enough for someone who did not do the work to see how the conclusion was reached.