What is the future of auditing and stakeholder engagement?

What is the future of auditing and stakeholder engagement?

The future of auditing is likely to be shaped by technology, with AI and data analytics enhancing transparency and efficiency.

How will AI impact the auditing process?

AI can automate routine tasks, analyze large datasets quickly, and provide insights that help auditors focus on high-risk areas.

What role will stakeholder engagement play in this future?

Stakeholder engagement will become more critical as organizations seek to build trust and transparency, leveraging technology to communicate effectively.

Are there any risks associated with these changes?

Yes, risks include data privacy concerns, reliance on technology, and the potential for reduced human oversight in decision-making.

What skills will auditors need in the future?

Future auditors will need strong analytical skills, proficiency in technology, and the ability to communicate effectively with stakeholders.