Do we still need auditors?

Imagine a marriage: A, who does increasingly more tasks in the house, is inflexible, stubborn and intolerant of mistakes and is unlikely to change. B is the opposite but lazy and easily distracted. For such a marriage to work then the behaviour of one or both of the parties needs to adapt. As A has little capacity to change then B's behaviour is more likely to change, and as A is diligent, B may over time to become more and more reliant on A. 

This, of course, is a popular analogy for our relationship with technology (A in the relationship), but is A also a common perception of auditors? If it is then they are in trouble, as their role will be easily automated. 

But is there hope? An obvious way for auditors to thrive is to become more like the humans in this analogy. Setting themselves greater challenges will help them to add more value for society. 

The auditors role in helping business to get it right is one such challenge, and is to be debated at the Audit Quality Forum in Mansion House in London on the evening of 28 November. Join us for this free event with speakers from government, the opposition, the largest accounting firms, business and civil society to discuss how auditors can help business achieve the integrity, security, fairness and ability to create prosperity that society expects, along with an announcement of a significant new initiative to transform trust in business.