Small Firm, Big Impact

S5E5: Audit Innovation: tech-driven opportunities for smaller firms


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In this episode, host Gillian Bowen explores the cutting-edge advancements transforming the audit profession. Joined by Steven Watson FCA, Managing Director at National Audits Group and Masood Mehmood FCCA, CA, CA ANZ Senior Policy Advocate - Reporting and Assurance, the discussion looks at how Gen AI, automation, and other innovative tools are changing the audit process, enhancing efficiency, and ensuring higher quality outcomes. The discussion also addresses the opportunities and challenges for audit firms, especially smaller-sized practices, and highlights the new CA ANZ resource, Audit and technology playbook: A practitioner’s guide. Find out how to stay competitive in a tech-driven environment and gain valuable insights from our experts. 

Resources referred to in this episode: 

  • Audit and technology playbook: A practitioner’s guide 
  • Acuity article on the guide
  • CA ANZ Cyber Security Playbook
  • CA ANZ’s Certificate in AI Fluency
  • CA ANZ’s micro courses 
  • Exploring the IESBA Code - A Focus on Technology guide
  • IESBA’s Technology-related Revisions to the Code
  • IAASB ISA 220 (Revised), Quality Management for an Audit of Financial Statements
  • IAASB ISA 315 (Revised), Identifying and Assessing Risks of Material Misstatements
  • International Standard on Quality Management (ISQM) 1 

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Small Firm, Big ImpactBy Chartered Accountants ANZ


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