What is it about?
The changing role of the external auditor is not only evidenced by the evolutionary changes which have taken place in respect of emerging technological risks which necessitate more robust and effective systems of internal controls and corporate governance, but also the future roles to be assumed by automation, Artificial Intelligence , block chain and distributed ledger technologies.....
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Why is it important?
This is important from the perspectives of the need for greater accountability mechanisms - as facilitated by an effective system of corporate governance (monitoring, supervision) and internal controls. Further, forward looking techniques which are facilitated through the implementation of Artificial Intelligence will also greatly enhance the auditor's role in bank supervision (off-site or on-site).
Perspectives
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This page is a summary of: A Global Perspective on the Changing Perceptions of the Role of the External Auditor and the Significance of Audit Developments, SSRN Electronic Journal, Social Science Electronic Publishing,
DOI: 10.2139/ssrn.1998812.
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