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Next Generation Audit

Next Generation Audit

A new KPMG and Forbes Insights Report

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How advanced technologies are transforming the audit

The next generation of finance leaders will be tasked with comprehending and implementing a wealth of transformational technologies.The swiftness at which that data is created reflects the speed at which business operates, meaning it’s more important than ever for corporate executives to understand how advanced technologies can bolster their finance operations.

Key Findings

  • 94 percent of executives feel advanced technologies promote the quality of the audit
  • 74 percent of executives say external auditors use advanced technology in their audit
  • 67 percent of executives say advanced technologies are essential for business today
  • 50 percent of companies with more than $5B currently use blockchain
  • 41 percent of executives believe not having enough data is the biggest challenge in advancing technology implementation

Next Generation Audit Report

A new KPMG and Forbes Insights Survey

Full report results

Next Generation Infographic

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© 2019 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.KPMG International Cooperative (“KPMG International”) is a Swiss entity.

Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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