Future of Audit and Updates to International Financial Reporting Standards

Join us for this 2 hours Event

The future of financial audit is expected to undergo significant changes due to emerging technologies and evolving regulatory frameworks. Traditional audit processes are being augmented and transformed by the integration of automation, data analytics, and artificial intelligence (AI) tools. These advancements are enhancing audit efficiency, accuracy, and effectiveness.

Furthermore, the International Financial Reporting Standards (IFRS) are continually updated to keep pace with changing business practices, market dynamics, and regulatory requirements. The International Accounting Standards Board (IASB) regularly issues new or revised IFRS standards to improve financial reporting and ensure consistency and transparency across global markets.