A timeline of leaps in external audit technology

6/27/2023
A timeline of leaps in external audit technology

Audit technology innovations have dramatically improved the efficiency and effectiveness of the audit process. This timeline details major breakthroughs and their effects.

Recent milestones in audit technology have enhanced the experience for both auditors and companies. Two themes emerge across these innovations: First, audit technology has made financial statement auditing faster and more efficient. Second, technology supports audit quality and gives auditors and companies deeper insights into their data.

The audit technology narrative begins in the 2010s, when earlier advances in data mining and data manipulation set the stage for major breakthroughs. This timeline highlights seven milestones, along with Crowe-led innovations and predictions for the near future.

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