TASK PART B: TECHNOLOGY IN AUDIT AND ASSURANCE [10 Marks]
Audit and assurance have been inundated with huge technology disruptions and new regulatory interventions in recent years demanding new ways of addressing audit especially audit of public interest entities. Some auditing scholars believe that there is hardly a future for financial report auditing and other assurance services.
You are therefore required to prepare a written research essay
- listing and discussing five main technology and/or regulatory disruptions and interventions that the auditing and assurance profession has now been struggling with [5 Marks]; and
- critically discuss five main challenges and/or opportunities these technology and/or regulatory disruptions and interventions has been causing to the main players in audit and assurance profession [5 Marks].