Deloitte: Investors, Audit Committees look to audit profession to address evolving demands of capital markets
In late 2014, Deloitte’s Audit of the Future survey polled 250 financial statement users, audit committee members and financial statement preparers.
Deloitte prepares firm for 'Audit of the Future'
Deloitte & Touche LLP CEO Joe Ucuzoglu is preparing the firm for the audit demands of the future, with the help of sophisticated technology.
Leading the way
As leaders in Audit, Deloitte’s professionals are committed to excellence and to enhancing the trust of the investing public and capital markets. Quality is our top priority, and by focusing on innovation, we continue to raise the bar on quality and deliver greater value to our clients. Our industry specialists understand the dynamics of our clients’ industries and bring insight to enhance the value of the services we deliver.
At Deloitte, we see innovation differently. Innovation is a mindset. And while it’s enabled by technology, our tools and applications are but one factor in our ability to provide high quality audits for our clients and the investing public.
As professionals, we know our work plays a vital role in preserving the integrity and confidence in our capital markets—the lifeblood of our global economy. It is a big task, and technology alone can’t get us there. But an entire culture of innovative thinkers can, and that is exactly what we have at Deloitte to completely reinvent the audit experience.
Deloitte Audit professionals provide independent financial statement and internal control audits, in accordance with the latest professional standards and with a focus on quality. Audits and reviews are planned to assess and identify possible risk—whether the risk of a material misstatement or a risk in internal controls. Our professionals work closely with our clients to encourage two-way communication and to minimize surprises.
Our audit practitioners’ top priority is to provide quality audits for our clients. Over the past years, we have made significant investments to improve our processes as we strive to continue to lead the charge in providing quality audits. Still with a laser sharp focus on quality, we are looking to leverage innovation and technology to shape and drive the audit profession of the future, to ultimately benefit our clients.
This commitment to quality and excellence extends to the investing public and capital markets. As the financial markets grow increasingly complex and global, a reliable, effective audit process is becoming essential to maintaining investor trust and confidence.
To demonstrate our commitment to audit quality and transparency, Deloitte published an Audit Quality report and an annual Transparency report that provides information to the public to enhance the understanding of our organization and our audit processes.
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