Audit is changing. Technology is the primary driver of what has become a movement to change not just the tools but also the entire process and methodology of audit in the accounting profession. Wolters Kluwer Tax & Accounting has assembled a Global Audit Advisory Board to gain a fuller and detailed understanding of the current challenges within the profession, and to help guide its evolution.
The inaugural meeting of the Global Audit Advisory Board was held in September in New York, where global audit practitioners, thought leaders and Wolters Kluwer experts congregated to exchange insights about the current and future state of the profession. Key topics included the application of blockchain technology in audit, modernization of standards, including Public Company Accounting Oversight Board standard setting, and the role of artificial intelligence and machine learning technology.
“The Board is comprised of high-caliber talent representing a diverse spectrum of public practitioners, standards setters, and content developers,” stated one of the board members, Jason Cope, partner at Goldin Peiser & Peiser, LLP. “Each member is a passionate executive willing to share and openly collaborate for the advancement of the profession. As a practitioner, it is good to know that an organization like the Global Audit Advisory Board exists.”
“As the audit profession evolves, we continually see opportunities to strengthen the profession, to be more efficient and diligent, and more importantly the incredible opportunity for practitioners to step deeper into the role of a trusted advisor,” added board member Cathy Rowe, director of accounting and audit product management at Wolters Kluwer Tax & Accounting North America. “To do this, we all must challenge how the audit is performed, how the standards align, and how technology may better enable our efforts. The Global Audit Advisory Board is bringing together the brightest audit minds to understand exactly what needs to happen and to take action.”
Members of the board are as follows:
Ismail Akhter , lead principal, professional programs, CPA Canada
Griff Babb , partner, Whitley Penn LLP
Jason Cope , partner, Goldin Peiser & Peiser LLP
- Matthew Derba, CPA
Lee Groza , partner, MCM CPAs and Advisors LLP
Jennifer Hogencamp , partner, Blumshapiro
Boris Musich , research manager, KPMG LLP
Cindy Pon , partner and chief operating officer, MGO CPAs and Advisors
Thomas Ray , distinguished lecturer, Baruch College
Cathy Rowe , director audit products, Wolters Kluwer Tax & Accounting North America
Bret Rutter , partner, Moss Adams LLP
Thomas Vasseur , executive vice president and global head of transformation, Wolters Kluwer Tax & Accounting
