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Does technology have a role to play in audits?

The world of accounting has seen a rapid evolution of cloud accounting technology. However, there is also a number of systems that aim to make the audit process simpler and more accurate.

Technology has an important role to play in the future of audit and accounting. It is a tool that frees up a professional’s time allowing them to focus on what counts – providing value-added support and advice. 

Much of the new software entering the market uses the latest cloud accounting innovations to improve collaboration between auditors and the business or organisations being audited, while also allowing for the automation of simple processes, such as the reconciliation of existing records. 

Employing software during the audit process has many benefits, including:

  • Saving time 
  • Reducing errors
  • Spotting risk
  • Providing greater insights
  • Enhancing accountability
  • Improving collaboration

We are always looking at ways to improve innovation at Seymour Taylor and already use several programmes within our audit and accounting processes. 

These improvements are supported by our Digital Solutions team, who are constantly on the lookout for new technologies to make our clients and colleagues lives easier. 

If you are looking for advice on audits, including the use of new audit technology, please contact your Seymour Taylor representative today or email enquiries@stca.co.uk or call 01494 552100.

This blog is for guidance only, professional advice should be obtained before acting on any information contained herein. The information was correct at the time of publishing 18 November 2021.