Hope you all are doing well and I am sure you are glad to almost be
done with class. For this week's discussion I found an article called
"The Evolution of Audit in the wake of the Pandemic". This article
talks about the newest trends since Covid changed all our lives in
many ways. One trend due to covid, is that people are working from
home. While this was required for some time in many places, it seems
to have a started a trend. Now that people are safer to go back to
"real life", people find it more convenient to work from home,
especially with the rise in gas prices over the last year. This means
that new technology has been developed to make working from
home possible. One challenge this trend presents is that auditors will
need to continue learning about new technologies to keep up with
the latest developments in this trend. The article mentions that this
could be a challenge. The article also talks about how a lot of
companies are using a cloud-based data extraction technology. It
seems to me that this would rely too heavily on being able to upload
that information. If information failed to upload then this could cause
many problems. It is also my opinion that certain things will get
overlooked when working from home. An auditor could be an expert
on the new technology, but if they never step foot inside the business
itself they may not be able to access risk as well. They may not be
able to determine, with certainty, what internal controls are in place
and whether they are sufficient or if they need improved upon. I just
started working at my current job in August as its accounts
receivables person. I can tell working there in person that there are
things that need to be improved upon, but if I wasn't there in person, I
would have no idea what everyone else is doing or not doing.
The Evolution of Audit in the Wake of the Pandemic (isaca.org)
