?? Beyond AI hype: Smart data is reshaping the audit landscape
Happy Thanksgiving to our Stateside friends! We're thankful for your interest in our insights!
Data transformation is not just coming – it's here, and it's revolutionizing audit as we know it.
At Validis we've not just been talking about change but driving it – read on to hear about our partnership with Caseware.
But why should auditors embrace transformation? Are we 'revolutionizing' for the sake of it? Just look at the current hype around AI...
?We've addressed this in a recent article for CPA Practice Advisor, and unpicked what a functional tech stack that provides value and return could look like for firms in 2025.
Find somewhere comfy and read on.?No fluff, no filler – just knowledge that moves the needle.
Beyond AI Hype: Why Data is Your Next Smart Move
We're in the midst of an AI revolution – but what happens when AI meets on-demand, fully standardized financial data? Jeff Gramlich pushed through the AI buzz to focus on what the art of the possible could be once the data problem's solved.
Three key takeaways:
?? Rubbish in, rubbish out. The firms that will lead the future of audit aren't just investing in AI – they're ensuring they have standardized, flowing data to power it.
?? Complete, granular data helps eliminate unconscious biases and ensures ethical decision-making
?? Tomorrow's auditor is moving from data detective to strategic advisor, providing real-time insights rather than historical reviews
The message is clear: Before rushing into AI, ensure your foundations are solid.
Read more in the CPA Practice Advisor feature.
Caseware and Validis Partner to Enhance Audit Firms' Data Ingestion
We've teamed up with Caseware a global leader in cloud and AI-enabled audit, financial reporting, and data analytics solutions. Our goal is simple: Less time preparing data, more time delivering value. Through this partnership we're bringing our instant, audit-ready data straight to Caseware's cloud platform - starting in the US and expanding globally. Auditors can now:
Validis' powerful data extraction technology with Caseware's innovative platform is delivering the depth and granularity needed to power the entire audit process. How about that?
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Building Your Modern Audit Tech Stack: A Data-First Blueprint for 2025
The audit tech landscape has exploded in recent years. What was once a choice between 3-4 major platforms has evolved into a rich ecosystem of specialized solutions – each solving different parts of the audit puzzle. But with choice comes complexity. Which solutions do what? How do they work together? What should firms prioritize? Ronan O'Dea, Validis Chief Product Officer has created a practical guide to building a modern audit tech stack that breaks down:
Read more and get set for '25!
In case you missed it
Where did all the good people go?
75% of firms cite finding and retaining top quality staff a top concern. Former auditor Paul Wardle discussed some of the things that could have kept him in the game.
Withum powering audits with data from Validis
"It was the first time in a long time that I saw a technology that would really change how we audit." That's Withum's Jim Bourke talking about Validis! We'll leave it at that and let him share the rest...
Coming right up...
Things quieten down in Q4 right?! ?? We're on the road again – meet us at the HLB North America Advisory, Tax & Audit Conference and Digital CPA? in December, hope to see you there! ????