How auditors can demystify transformative technology

Journal of Accountancy Podcast

Digital disruption is everywhere, including in the practice of internal audit. An audit leader joined the JofA podcast recently to discuss how technology can be harnessed instead of feared or resisted.

Anthony Pugliese, CPA/CITP, CGMA, president and CEO of The Institute of Internal Auditors (IIA), said it is understandable for fast-moving technology to be daunting. But such technology presents opportunities as well as risks. One tie-in is the new tools’ ability to attract the next generation of talent for auditing.

In this episode, Pugliese reviews recent IIA research, reminds auditors about the importance of curiosity, and discusses some of the misconceptions facing the profession.

What you’ll learn from this episode:

· Highlights of recent research by The IIA about top risks.

· Some of the “misconceptions” about internal auditing, according to Pugliese.

· How the “slow trek” of blockchain integration into processes differs from today’s tech implementations.

· The “most golden thing” auditors can do.

· A reminder of the timeline for adoption of international auditing standards.