The 21st century auditor requires knowledge of technology and accounting informa
ID: 2419371 • Letter: T
Question
- The 21st century auditor requires knowledge of technology and accounting information systems in addition to his / her understanding of accounting concepts and guidelines. The degree of knowledge in technology and AIS will vary with each auditor. Recommend the top-five technology and AIS skills that the 21st century auditor should have. Justify your recommendations.
- Now, recommend a series of actions that need to be taken by auditors and their firms to ensure that the auditors maintain their skills.
- The 21st century auditor requires knowledge of technology and accounting information systems in addition to his / her understanding of accounting concepts and guidelines. The degree of knowledge in technology and AIS will vary with each auditor. Recommend the top-five technology and AIS skills that the 21st century auditor should have. Justify your recommendations.
- Now, recommend a series of actions that need to be taken by auditors and their firms to ensure that the auditors maintain their skills.
Explanation / Answer
Top related skills as asked in the problem statement are as follows:
Above skills have become a necessity for any auditor as using technology and AIS only helps when they are interpreted properly and correctly. Also, communication methods have also change. Drafting a mail as well as communicating the same through emails are must have skills for all the auditors. Besides, Auditors should also be versed with decision support systems related to auditing.
Series of actions, needed are as follows:
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