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Thursday, December 08, 2022

Auditors rely on technology to streamline their processes to obtain information

(Panama City-Anpanama) Artificial intelligence (AI), process automation and even financial services have changed the way business is done and auditors are currently implementing this change in their processes as efficient and effective support, as noted by Grupo. Allianza Auditors is pointed out by the firm’s managing partner, Carlos Julio. Audit, accounting and consulting services.

He said the pandemic showed that the use of technology for companies or auditing firms cannot be deferred and that those who have not adapted to the digital revolution will undoubtedly be left behind.

Based on software-generated insights, auditors can evaluate and analyze data that evidence test results more effectively, identifying sensitive data samples that reveal risks that require them to focus. and investigate situations that may not have happened. Explored whether the audit would be based only on relevant samples.

In essence, the technology within Audit became the strategic ally of urgency, thus facilitating progress to continue working in a fully agile manner, and remotely, securing the coordination of teams within all business units. allowed to continue. execution.

“For the successful implementation of technology and analysis in audits, it is also important to have trained personnel that allow a successful and effective execution,” Julio said.

Julio concluded that audits backed by technology in this way help identify and reduce errors made in an organization and are the basis for being able to improve processes and prevent investments in unnecessary or ineffective operations.

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