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Question - The latest advances in technology promise significant benefits for the audit profession, with a number of key drivers signaling the need for technological change in audit. Such drivers include the rapid increase in volume of data, changes in business models, the shift towards automation and the demand for a proactive and forward-looking approach to audit. These developments require auditors to be technologically sound to enable them to continue servicing businesses and to execute high quality audits.
Discuss the emerging technologies in auditing profession and identify how it would benefit the profession. Also discuss the challenges faced and provide recommendations on how to overcome these challenges. Support views/arguments with findings and evidence from real world cases and standards.
jain simmons company needs 10000 units of a certain part to be used in production. if jain simmons buys the part from
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ACC100 Group Project - Kings Own Institute - Determine a business name of your practice; check the businesses name availability by using the search tool in ASIC
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