Ex-IT Auditor and I agree. I was screaming for automation in the audit process for years and nobody would listen. Many of the employees are burnt-out and hate their jobs. My prediction is that governments will decide to audit companies using some kind of AI and report back any findings to shareholders, while ensuring correct taxes are paid. Big 4 has 5 years max to pivot their business or they're going to die.
> Ex-IT Auditor and I agree. I was screaming for automation in the audit process for years and nobody would listen.
Honestly, this seems like a lose-lose for decision makers:
- automation reduces billable hours, a net loss to the auditor
- automation finds more fraud, a net loss to the person who hired the good auditor
Of course, shareholders would appreciate less fraud, but have no seat at this particular table.
