Big 4 Gossip

For audit - How’s your firm’s data and cognitive technologies? Which tools/capabilities are you actually using in practice? And what capabilities are just hype right now?

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I think what you find in practice is that few companies are willing to hand over all their data to a third party without lawyers being involved and haggling over liability for breaches, losses, etc. Ditto for us placing our software on their network. They want to be made whole if we introduce a virus into the system, etc. At its heart, audit is a risk management business. We don’t want uncapped risk should that occur. They want us to have uncapped risk. As a result, even though we all have cool tools, their application is a lot lower in practice.

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