Innovation Insights Podcast: Wolters Kluwer

How Auditors Can Improve Efficiency and the Budget

Innovation Insights host Donny Shimamoto, CPA, CITP, CGMA, welcomes Colleen Knuff and Stefan Davis of Wolters Kluwer to discuss how data driven audit or digital audit is about taking in data at the start of the audit and leveraging it throughout the rest of the audit—increasing both the efficiency and effectiveness of the audit.

Everyone going remote presents auditors with new challenges. Part of Wolters Kluwer – which was recently accepted to the ASC X9 (American National Standards Institute or ANSI), the industry setting body for financial institutions – Knuff and Davis explain not only how some solutions allow real-time collaboration versus working in silos, but also how data-driven audits increase capacity and allow more profitability while reducing risk and maintaining high peer-review standards.

(recorded February 2022)