The Tech Catch-Up for Traditional Auditors
Old methods aren’t enough anymore. Many auditors still rely on vouchers, Excel, and limited sampling, while records have moved to the cloud, payments are tracked in real time, and AI handles risk checks.
According to ICAI’s 2024 digital audit survey, 62% of firms still use traditional sampling; only 18% use tools like IDEA or ACL.
To stay relevant, auditors must:
● Upskill in audit tech
● Use modern tools
● Start small, scale smart
● Collaborate with tech teams
Firms embracing tech are becoming trusted advisors, delivering data-backed insights, not just audit reports.
Clients today expect real-time dashboards, cybersecurity checks, and transparency. With blockchain adoption rising (12% of fintech startups by 2025), auditors must learn to verify these new systems.
Tech won’t replace auditors. But auditors who use tech will replace those who don’t.
