the future is now - i.forbesimg.com...“audit 2025: the future is now.” based on a survey of 200...

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AUDIT 2025: THE FUTURE IS NOW A KPMG and Forbes Insights survey reveals that auditors need to use technology to expand their roles, but this need has grown much stronger over the last two years Most valuable attributes in an auditor: AUDITORS OF THE FUTURE SHOULD PROVIDE DATA-DRIVEN INSIGHTS Future auditors should have the following skills: SKILLS THAT ARE BECOMING MORE IMPORTANT Articulates a clear point of view on critical issues 62% 46% 100 2014 2016 Leverages data and analytics into actionable insights 56% 41% 100 2014 2016 Constructively challenges client management 47% 32% 100 2014 2016 Differences experienced in regard to your auditor over the past two years: 57% 50% RECENT PROGRESS Auditors use more sophisticated technologies for data gathering and analysis Auditors perform deeper analysis in the areas they already cover Auditors analyze bigger samples 74% 66% Communication skills 65% Critical thinking and judgment skills 59% Investigative financial skills 49% Ability to work across siloes LEARN MORE BY DOWNLOADING, AUDIT 2025: THE FUTURE IS NOW .” Based on a survey of 200 audit committee chairs and members, CFOs, Chief Audit Officers, Chief Tax Officers, controllers, and directors of financial reporting in the U.S. in October 2016. Increase in the number of executives who believe auditors should be more proactive about expanding the role of the audit 25% Increase in the number of executives who believe the auditor of the future needs technology skills 27% 2014–2016

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Page 1: THE FUTURE IS NOW - i.forbesimg.com...“AUDIT 2025: THE FUTURE IS NOW.” Based on a survey of 200 audit committee chairs and members, CFOs, Chief Audit O˚icers, Chief Tax O˚icers,

AUDIT 2025:THE FUTURE IS NOW

A KPMG and Forbes Insights survey reveals that auditors need to use technology to expand their roles, but this need has grown much stronger over the last two years

Most valuable attributes in an auditor:

AUDITORS OF THE FUTURE SHOULD

PROVIDE DATA-DRIVEN INSIGHTS

Future auditors should have the following skills:

SKILLS THAT ARE BECOMING MORE IMPORTANT Articulates a clear point

of view on critical issues

62%46%

100

2014 2016

Leverages data and analytics into actionable insights

56%41%

100

2014 2016

Constructively challenges client management

47%32%

100

2014 2016

Di�erences experienced in regard to your auditor over the past two years:

57% 50%

RECENT PROGRESS

Auditors use more sophisticated

technologies for data gathering and

analysis

Auditors perform deeper analysis in the areas they

already cover

Auditors analyze bigger samples

74%

66%Communicationskills

65%Critical thinking and judgment skills

59%Investigative financial skills

49%Ability to work across siloes

LEARN MORE BY DOWNLOADING, “AU D I T 20 2 5: T H E F U T U R E I S N OW .”

Based on a survey of 200 audit committee chairs and members, CFOs, Chief Audit O�icers, Chief Tax O�icers, controllers, and directors of financial reporting in the U.S. in October 2016.

Increase in the number of executives who believe

auditors should be moreproactive about expanding

the role of the audit

25%Increase in the number of

executives who believe the auditor of the futureneeds technology skills

27%

2 0 1 4 – 2 0 1 6