We have been hearing about Blockchain, Smart Contracts,Machine Learning, Artificial Intelligence and Big Data Analytics for quite a while. This video portrays an imaginative audit that might happen in near future taking these disruptive technologies into consideration which would ultimately pave way for a smooth and efficient audit process.
https://www.youtube.com/watch?v=uIcSfDdyQGc
I think with the new technology the audit methods has to undergo change including the expectations from auditors and attitude of auditors
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.
RMA And Associates LLP
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CA Suraj Garg & Associates
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