Audio By Carbonatix
The Country Managing Partner of Deloitte Ghana, Daniel Kwadwo Owusu, has urged auditors to embrace technology since their roles are evolving, with the advent of Artificial Intelligence, Cloud Computing, amongst others.
According to him, audit and accounting professionals should acquire new skill sets such as data analytics and visualization and the understanding of AI model and testing to stand the test of time in this competitive era.
Speaking on the topic “The Future of Auditing: Emerging Trends and Technologies” at the 2025 Institute of Chartered Accountant, Ghana Annual Conference in Takoradi in the Western region, Mr. Owusu also called for strong ethical judgment by auditors and accountants in using automated tools.
“Embrace innovation, adapt to changes, meet timelines and execute quality audit, and also add higher value through insights”, Mr. Owusu urged the audit and accounting professionals present.
The emerging trend and technologies in audit and accounting has reduced the need for third party verification, amongst others.
“Today, accounting has moved to cloud-based, web-based, virtual archiving, automatic archiving, real-time, AI-assisted file review from Paper-based, big servers, manual archiving, rule pad, calculator and different color pens”, he mentioned.
The Deloitte Country Manager said the future of auditing and accounting is the ability of audit platforms to directly interact with systems.
He added that the evolution of technology has increased audit quality, reduced human time spent on repetitive tasks and provided real-time assurance that is faster identification of issues for timely responses.
However, there are teething challenges such as regulatory uncertainty and data security.
The 2025 Accountants’ Conference featured discussions on various topical issues including the role of professional accountants in the use of AI for efficient work performance.
Latest Stories
-
Man United and Bournemouth draw 4-4 in extra ordinary thriller
1 hour -
Canada’s Carney called out for ‘utilizing’ British spelling
1 hour -
Smooth end to Messi India tour after Kolkata chaos
2 hours -
Epstein’s UK flights had alleged British abuse victims on board, BBC finds
2 hours -
Rob Reiner’s son Nick arrested for murder after director and wife found dead
2 hours -
What to delete from your emails to be taken more seriously at work
2 hours -
Airbnb fined £56m by Spain for advertising unlicensed properties
2 hours -
Activist petitions Interior Ministry over custodial death, demands mandatory budget for detainee meals
3 hours -
Men should take up jobs in makeup artistry – Cosmetology Expert
3 hours -
Court’s verdict an injustice, I’ve filed an appeal – Atiwa East DCE
4 hours -
Kpandai: If SC ruling goes against us, Ghana’s laws have stopped working – NPP’s Haruna Mohammed
4 hours -
Energy Minister receives PSP framework to drive efficiency in power distribution sector
4 hours -
Photos: Ooni of Ife confers prestigious Yoruba title on President Mahama in Nigeria
4 hours -
Zadokeli 2025: A grand comeback of culture and vision
4 hours -
GH¢70bn debt jump exposes structural weaknesses in economy – Oppong Nkrumah
4 hours
