Challenges and opportunities of auditing in business environments in constant transformation

External audit is undergoing rapid evolution that brings with it various challenges and opportunities, mainly driven by factors such as the accelerated transformation of businesses, especially in the financial and technological sectors.

The constant change in business models demands greater control to provide security to investors. The key lies in the need to quantify risks, thoroughly understand the audited business and anticipate any significant deviations.

The unification of accounting criteria and standards at a global level is another crucial aspect that allows working with more uniform and comparable information. This facilitates data management at both local, regional and global levels.

In this context of constant evolution, the application of technologies such as robotization and systematization in planning, sampling and coordination with client teams becomes essential.

The management of transnational audits is emerging as an increasingly relevant practice, supported by highly specialized and talented teams capable of managing them from any corner of the world. This approach is also supported by the use of new technologies and tools based on robotization and artificial intelligence.

Auditing faces constant challenges, but it also opens up new opportunities. The possibility of carrying out audits efficiently, even remotely from anywhere in the world, is presented as an achievable reality. With technological tools, we seek to achieve more precise conclusions, reducing the margins of error to a minimum. This not only adds value to companies but also positively impacts the global market.

Osvaldo Miceli, Audit Partner Auren Argentina