The future of legal services and auditing

Technology can make audits faster and more accurate, while auditors have ever more digital sources to examine. That was the subject of the keynote for EY's global auditing department, at a golf resort in Spain, for 150 leaders from around the world.

EY's auditors carry out financial and risk audits at the world's largest companies. Worldwide, more than 85,000 EY audit professionals carry out data-driven audits with advanced technology.

Global management asked for an update on new developments and what they mean for the auditor of the future. Richard prepared the keynote after conversations with EY's leadership team. The topics:

• Technology that makes audits faster and more accurate
• A growing number of digital sources to audit
• The role of the Internet of Financial Things in the future of auditing
• New risks in digital security and ethics
• Blockchain in auditing
• What this means for the audit organisation of the future: skills, leadership, structure and knowledge development