Report on Auditing and Professional Practices

Running head: REPORT ON AUDITING AND PROFESSIONAL PRACTICES
REPORT
ON
AUDITING AND PROFESSIONAL PRACTICES
Name of the Student
Name of the University
Author Note:

Professional Audit1
Email to the colleague:
Dear Savannah,
I am writing this mail to inform you that as per your concern a detail analysis on the
Audit profession has been done. Followed by that investigation several significant aspects has
been identified which are highly related to your concerns. Considering the concern related to
advancement of the audit industry due to the rapid growth of the advance technology it has
been noticed there are several impactful technologies present in the auditing industry which
are replacing the human resources. Those identified technologies includes the Audit support
system, cognitive technologies in the audit processing as well as the block chain technology
in the audit industry. While analyzing the impact of these identified technologies in the audit
industry it has been noticed that due to the incorporation of the Audit support system the
behavior of the auditor has significantly changed. Along with this technology the same has
happened due to the incorporation of all of the above mentioned technologies. Those
significant changes includes the change in the communication procedure, analytical process
as well as the influence in the decision making process.
Since, you have asked me to analyze the aspects of the above findings it has been
noticed that there while applying the audit support system in this field it has been noticed that
the audit support system is nothing but an information system which enables an audit firm to
effectively perform the information management process in order to enhance the auditing
process. Along with this the application of Block chain enhances the record keeping process
in the audit application platform as well as the cognitive technologies in the auditing firm
enhances the decision making process, analyzing process and the prediction process in the
audit firm. Followed by these aspects I would like to inform you that in the professional
practices of human auditors there is a huge impact of these identified technologies as it is

Professional Audit2
mentioned above that the application of these technologies reduces the human efforts by
making it more automatic. However, this holds a significant impact on the enhancement of
the auditing services the application of IT technologies as well as the cognitive technologies
reduces the human effort which is directly influencing the jobs of individuals as it is highly
significant that due to the incorporation of the above mentioned technologies the auditing
industries has enhances their performance by utilizing the machines, followed by which the
necessity of human powers in the industry is reducing.
Apart from considering the risk factors to the human resources it has been noticed that
it is highly essential to incorporate the effective advance technology in the auditing firm
which enhances the firm services. Hence, it is suggested to you to implement the cognitive
technologies as well as the auditing support technologies into the audit firm infrastructure in
order to automate the decision making process of the audit firm as well as to provide more
accurate results.
In order to support the above findings a brief discussion of these key aspects are
provided in a separate attachment below. Please go through the document and decide wisely.
Than you
Yours Sincerely