Technology takes the tedium out of auditing

At times, Nancy Altobello was lonely when she first joined EY, the accountancy firm, in 1980. Ms Altobello, who has spent her entire career at the firm, recalls one bleak New Year’s eve spent up a ladder with a dipstick in hand, checking a company’s gas inventory.

Such tasks have all but disappeared for EY’s army of 80,000 accountants, according to Ms Altobello. The vice-chair of the firm’s talent team says: “We can use automation to assess inventory. A lot of the manual labour has really changed.”

Satellite imagery, drones, artificial intelligence and microchips are just some of the new technology accountancy firms have developed to cut time-consuming and mundane tasks, which in the past were carried out by junior auditors.

Michelle Hinchliffe, who was promoted to head of audit at KPMG in May, says the workload is very different for today’s recruits.

Read more: Technology takes the tedium out of auditing

Don’t forget to share this via , , Google+, Pinterest, LinkedIn, Buffer, , Tumblr, Reddit, StumbleUpon and Delicious.

Mike Rawson

Mike Rawson has recently re-awoken a long-standing interest in robots and our automated future. He lives in London with a single android - a temperamental vacuum cleaner - but is looking forward to getting more cyborgs soon.

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology takes the tedium out of auditing

by Mike Rawson time to read: 1 min
Hi there - can I help you with anything?
[Subscribe here]
More in Machine Learning, News
Google Advanced Protection
Google’s ‘Advanced Protection’ Locks Down Accounts Like Never Before

WHEN IT COMES to the eternal tradeoff between digital security and convenience, most tech firms focus their efforts on the vast...