discuss the disruptive potential of these technologies e g how will they change the 3857692

The assignment must be your own individual work; it is not a group assignment. The stated total word count is 1,600 words. However, assignments between 1,400 and 1,800 words in length will be considered acceptable. Your assignment should be submitted electronically via Safe Assignment on the course Blackboard site on or before the due date. If you wish to apply for an extension to your submission date, please email Kirsty Meredith (kmeredit@usc.edu.au) to explain the circumstances and attach supporting documentation. Late penalties will be applied for assignments submitted after 5pm on the due date without an approved extension. More details on late penalties are provided in the course outline. Background: You are employed in a small audit firm, as a senior auditor. One of your colleagues, Savannah (an intermediate in your firm who recently helped you to complete preliminary analytical procedures for a client), has contacted you with some concerns: she has heard from a family friend that auditors will become redundant in a few years due to rapid advancements in audit technology. She wants to know how advancements in technology will affect her role in the audit team including the way she communicates with other staff, and how your firm will complete analytical procedures in the future. She has asked you for your personal views on whether auditors will be replaced by automated technology within the foreseeable future. The firm you work for, like many small firms, currently prepares audit workpapers predominantly in Excel. The firm has an Excel file that includes a standard audit program and workpaper templates for recommended audit procedures. This file is used as the basis for all of the firm’s audit engagements and is customised for each engagement (e.g. sheets are added and deleted as appropriate). The first sheet in the file is titled “Matters for partner attention”; you use this to note concerns that are identified during audits. In addition to communicating via “Matters for partner attention”, you have face-to-face meetings with the audit partner and other members of the audit team as necessary. Despite all staff being based in the same physical office, email communication is the norm in your firm. Phone calls also occur but are infrequent and are principally used when staff are off-site (e.g. when visiting a client). Your task: Your task is to research recent developments in audit technology and prepare an email response to your colleague which covers the points below: • Briefly explain 3 key technologies that are affecting (or threatening to affect) the audit profession (for example: Audit Support Systems, Blockchain technology, etc.). • Discuss the “disruptive” potential of these technologies (e.g. how will they change the way auditors operate). As part of your discussion, identify how the technologies can:


"Get 15% discount on your first 3 orders with us"
Use the following coupon

Order Now