Accountancy Age is celebrating its 40th birthday, but what will the next 40 years hold for the profession? We ask the experts to find out
Common reporting internationally will drive consistent global approaches. IT developments are key. We shall see comprehensive embedded audit tools highlighting control compliance and exceptions, running irrespective of year ends. These could extend along the entire supply chain in many industries and will deal with all of the information at the core of reporting. Beyond this the use of judgment in many areas will remain and the auditor will need to be equipped to identify, test and confirm these judgments. With common international reporting and a global IT infrastructure, the profile of an auditor should be more consistent across the world leading to a global qualification and an auditor population that has shifted towards the main global economic centres of the day.
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