Innovation in the audit profession and how it is changing the world of accounting
Abstract
Over the last five years, there has been a trend towards implementing new technologies and innovations in the auditing profession. This resulted in changing the way that auditors plan and complete the audit which has caused a shift towards a more analytical focus in the completion of the audit. This thesis explores the ways that accounting firms are seeking to innovate the audit process, details opinions on this trend, and provides a glimpse into further potential trends as a result of these changes.