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How is FinTech reshaping auditing methodologies and professional practices?

Auditing is increasingly influenced by digital technologies and automation.FinTech tools are changing how audits are conducted and risks are assessed.I want to understand both efficiency gains and emerging challenges.

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By Akash Answered 3 months ago

From my experience, FinTech has significantly enhanced audit efficiency through automation and real-time monitoring. I have seen AI improve anomaly detection and blockchain provide more reliable audit trails. However, I would caution that these tools also introduce new risks, particularly around cybersecurity and data governance. Research in journals like the Journal of Information Systems reflects this dual impact, showing that auditing is becoming both more powerful and more complex.

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