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Use of IT in Audit
The profiles of auditors will change. world. They are computer literate, not afraid of technology and systems and familiar with the core IT concepts. Increasingly we expect financial auditors to take on responsibility for running their own DA procedures with IT auditors helping with the integrity of data, extraction and acting as advisors to the financial auditors.
Tools are becoming more powerful and simpler to use. Excel has gone from struggling with 65,000 lines of data and requiring intricate knowledge of formula syntax, to simple user tools allowing analysis on millions of rows with real time graphical representation and dashboarding of data. Whilst big firms are investing in the large ERP-analytical solutions they, as much as anyone, make use of the simple tools that can bring quick wins over small and mid-size data sets
First broadcast: 06 October 2015