Experts discuss challenges, solutions and evolution of audit industry
Wolters Kluwer Tax & Accounting, a leading provider of software solutions and local expertise for tax, accounting, and audit professionals, has announced the recent formation of the Global Audit Advisory Board, a forum for leading global audit professionals to gain detailed understanding of current challenges within the audit profession and work together to guide its evolution.
A diverse array of talent seek to advance discipline
“The Board is comprised of high-caliber talent representing a diverse spectrum of public practitioners, standards setters, and content developers. Each member is a passionate executive willing to share and openly collaborate for the advancement of the profession,” said board member Jason Cope, Partner at Goldin Peiser & Peiser, LLP. “As a practitioner, it is good to know that an organization like the Global Audit Advisory Board exists.“
Today, there is a clear call to action within the profession to change how an audit is performed and how to create new opportunities for clients. The Global Audit Advisory Board brings the best minds together to drive that change in an effective way. The profession will benefit from the thought leadership and research led by the Board as they champion change, and as processes, standards, and technology continue to evolve.
Technology, alignment of audit standards and incredible opportunities ahead
“As the audit profession evolves, we continually see opportunities to strengthen the profession, to be more efficient and diligent, and more importantly the incredible opportunity for practitioners to step deeper into the role of a trusted advisor,” said board member Cathy Rowe, CPA, CA and Director of Accounting and Audit Product Management at Wolters Kluwer Tax & Accounting North America. “To do this, we all must challenge how the audit is performed, how the standards align, and how technology may better enable our efforts. The Global Audit Advisory Board is bringing together the brightest audit minds to understand exactly what needs to happen and to take action.”
Perfect platform for discussing the future of audit
Held in New York City last month, the inaugural meeting of the Global Audit Advisory Board served as the perfect platform to bring together leading global audit practitioners, thought leaders and Wolters Kluwer experts to exchange insights about the current and future state of the profession. Key topics included the application of Blockchain technology in audit, modernization of standards, including PCAOB standard setting, and the role of artificial intelligence and machine learning technology.
“Our first meeting was an undeniable success with extraordinary content, speakers and an open professional dialogue about the future of audit,” said board member Jennifer Hogencamp, Partner, blumshapiro.
Meet the members
Members of the Global Audit Advisory Board are:
Ismail Akhter, Lead Principal, Professional Programs, CPA Canada
Griff Babb, Partner, Whitley Penn LLP
Jason Cope, Partner, Goldin Peiser & Peiser LLP
Matthew Derba, CPA
Lee Groza, Partner, MCM CPAs and Advisors LLP
Jennifer Hogencamp, Partner, blumshapiro
Boris Musich, Research Manager, KPMG LLP
Cindy Pon, Partner and Chief Operating Officer, MGO CPAs and Advisors
Thomas Ray, Distinguished Lecturer, Baruch College
Cathy Rowe, Director Audit Products, Wolters Kluwer Tax & Accounting North America
Bret Rutter, Partner, Moss Adams LLP
Thomas Vasseur, Executive Vice President and Global Head of Transformation, Wolters Kluwer Tax & Accounting
To read the full press release, click here.
About Wolters Kluwer
Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with advanced technology and services.
Wolters Kluwer reported 2018 annual revenues of €4.3 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,000 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.
Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).