Deloitte prepares firm for 'Audit of the Future'
An interview with Joe Ucuzoglu
Deloitte & Touche LLP chairman and CEO Joe Ucuzoglu, who leads Deloitte’s audit practice, is preparing the firm for the audit demands of the future, with the help of sophisticated technology.
“At Deloitte we’re investing several hundred million dollars in data analytics and artificial intelligence with some cutting-edge applications that we really believe differentiate us and our audit approach,” said Joe Ucuzoglu. “When we use these tools, we’re able to get greater coverage. We’re able to more quickly identify risks. We’re able to complete the audit with a higher level of quality and ultimately deliver a greater level of insight to our clients.”
The firm published the results of a survey in which it polled 150 financial statement users, including investors, along with 50 audit committee members and 50 financial statement preparers, in late 2014 about what they would like to see in the “audit of the future.”
Read the Accounting Today article to learn how Deloitte is preparing for the audit demands of the future, with the help of sophisticated technology.