In a recent article in the CPA Journal, John Farrell, former Audit Chief Strategy and Transformation Officer at KPMG US, and Heather Paquette, Tech Assurance Leader at KPMG US, argued that the future of audit will be focused on digitalization and assessing non-financial risks.
Stakeholders are increasingly calling for fair reporting of information about climate, diversity, equity, inclusion, and community impact. As the audit profession evolves, auditors' primary objective remains to provide transparency to market participants, even as they demand more non-financial information.
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