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.
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