next generation audit infographic · 2020. 7. 31. · title: next generation audit infographic...

Learn more by downloading the full report “Next Generation Audit” kpmg.com/us/nextgenaudit > Next Generation Audit KEY FINDINGS 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. Based on a survey of 250 corporate finance leaders under 40 from companies in the U.S., Europe and Asia with annual revenues of $1 billion to more than $100 billion in September 2018. © 2018 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. The KPMG name and logo are registered trademarks or trademarks of KPMG International. Advanced technologies promote quality in the audit Advanced essential for business: Blockchain going mainstream: Almost three-fourths of executives say external auditors use advanced technology in their audit. An overwhelming 94% of executives feel advanced technologies promote the quality of their audit. 74% 67% 94% Say workflow automation, visualization technology, data and analytics and artificial intelligence are all essential now or will be within two years. Of companies with more than $5B currently use Blockchain Not being able to effectively access data What’s the biggest hurdle? Not having enough data 41% DATA 30% 50% 33% Plan to use it within three years

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Learn more by downloading the full report “Next Generation Audit” kpmg.com/us/nextgenaudit >

Next Generation Audit

KEY FINDINGS

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.

Based on a survey of 250 corporate finance leaders under 40 from companies in the U.S., Europe and Asia with annual revenues of $1 billion to more than $100 billion in September 2018.

© 2018 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. The KPMG name and logo are registered trademarks or trademarks of KPMG International.

Advanced technologies promote quality in the audit

Advanced essential for business:

Blockchain going mainstream:

Almost three-fourths of executives say external auditors use advanced technology in their audit.

An overwhelming 94% of executives feel advanced technologies promote the quality of their audit.

74%

67%

94%

Say workflow automation, visualization technology, data and analytics and artificial intelligence are all essential now or will be within two years.

Of companies with more than $5B currently use Blockchain

Not being able to effectively access data

What’s the biggest hurdle?