Navigating the Future of Talent in the Audit Profession: Key Skills and Trends to Watch

The Future of Auditing: How the Skill Set of Auditors is Evolving

Talent is crucial for any organization, but attracting and retaining the right people is a challenge. Recently, discussions with EY Global Assurance technology leaders highlighted the opportunities and challenges in building the workforce of the future.

Themes focused on emerging technologies like generative artificial intelligence (GenAI), advanced analytics, and natural language processing. The rise of complex regulations and demands for greater transparency have shifted the skills auditors need.

Investors now seek more information on ESG, cybersecurity, and supply chain management, requiring auditors to provide assurance on non-financial information. It’s crucial to ensure people are the focus of transformation efforts and embrace new technologies and learning.

The traditional audit skill set is being redefined. While accounting knowledge remains essential, new skills are emerging. Data analytics, technological proficiency, critical thinking, communication, and sustainability knowledge are becoming crucial for auditors.

Auditors must adapt and develop themselves to succeed in the future. Employers should prioritize learning and development to support continuous growth and evolution. The future of auditing lies in a diverse skill set that combines technical expertise with analytical, technological, and soft skills.

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