Fraud and the audit profession

The audit profession is vital to maintain integrity of financial statements and governance. Yet, today, there are several audit failures in India and regulatory oversight and enforcement of bad audits is at an all-time high. Expectation of stakeholders from the audit profession is increasing and yet, being an auditor is not the top choice for youth of India.

In today’s podcast, we discuss how audit has evolved over time, restoring integrity in the audit profession and the future of the audit profession in India especially with the advent of AI, GenAI and its derivatives.