In the most recent reportable audit year (2022–2023), market factorslike inflation, the continued evolution of the remote workforce and quickly evolving technology infrastructure fueled by the scramble for artificial intellig nce (AI), all set the table for the reality that preparers are living with on their balance sheets and income statements today.
These market factors, in addition to changes in the standard setting and regulatory environment, also impacted external audits. This report, in addition to the 14 earlier iterations, provides insight into preparers’ perspectives on external audits.
This year’s study delves into the issues most top of mind impacting finance organizations as they pertain to corporate reporting (financial and sustainability) and the work that goes into supporting the external audit.