People powered, tech led: Redefining value across finance and audit

In today’s rapidly changing business environment, finance leaders are facing new expectations, pressures, and opportunities as it relates to technological innovation and its impact on their organizations and the audit experience.

BDO’s second annual Audit Innovation Survey finds that the use of advanced technologies in the audit has crossed from experimental to increasingly mature. The research also reveals that as the industry evolves, technology is amplifying the role of auditors; elevating the importance of human judgment, professional skepticism, and the ability to interpret complex data.

Our survey of 210 finance leaders provides valuable insights into:

  • Barriers to a smooth financial audit
  • The connection between technology and trust
  • AI usage in finance organizations

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Here’s a glimpse into what finance leaders have to say:

93%

of respondents say their audit firm’s technology is progressive, closely matching the sophistication of their own finance teams

81%

of finance leaders report greater trust in audit firms that invest in and actively use advanced technology

72% 

of respondents continued to report issues with technology compatibility with their audit firm

92%

of respondents reported adoption of AI

46%

of respondents rated their finance and accounting data governance as mature