External Audit

AC423 Assignment

Instructions:

Assignment should be 1 to 2 pages in Times New Roman 12-point font and double-spaced.

Discussion Paper Prompt

Watch the Chapter 14 video titled “Transforming the Jobs of Tomorrow” and answer the discussion question below.

https://education.wiley.com/content/Johnson_Auditing_1e/media/simulations/business_videos/Johnson_Auditing_Ch14_TransformingtheJobsofTomorrow.html

 (Please let me know if you don't have access to the video)

Using concepts from the video, explain how AI could assist the auditor with transforming the job of (1) the audit process (such as quality review and reporting); (2) risk assessment (including identification of risks using data); (3) audit delivery (like identifying previously unseen patterns), and (4) audit continuous monitoring processes and developing alert systems.