https://www.youtube.com/watch?v=uIcSfDdyQGc
4 Replies
CA Amrita Chattopadhyay
(Audit & Assurance)
(13459 Points)
Replied 03 March 2018
I think with the new technology the audit methods has to undergo change including the expectations from auditors and attitude of auditors
mrdrvz@gmail.com
(126 Points)
Replied 15 April 2018
Blockchain is very slow to be of any use for big data and large scale use. Further, audit is more about interpretations and analysis than accuracy and manual errors. AI tech discussed gives a very dreamy picture with no concrete idea as to how the processes and work can be conducted. Data analytics has its limitations in the fact that wrong input at first stage may not get detected
CA Amrita Chattopadhyay
(Audit & Assurance)
(13459 Points)
Replied 16 April 2018
Though Blockchain, AI are at a very initial stage, no one can deny the fact that these technologies are to stay and it is high time for the auditors to adopt the new technologies.
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