Why Prompt Engineering Is Becoming as Important as Excel Was Twenty Years Ago Every generation of auditors has been shaped by a technology that fundamentally changed how audits are performed. In the 1980s, it was electronic spreadsheets. In the 1990s, it was enterprise resource planning (ERP) systems. In the 2000s, it was data analytics. Today, it is Generative Artificial Intelligence. But simply having access to ChatGPT, Microsoft Copilot, Claude, or Gemini does not automati

Protecting Customers Begins with Verifying Who They Really Are For decades, banks focused on protecting money. Today, banks must first protect identity. Cybercriminals have discovered that stealing money directly is difficult. Stealing—or creating—a convincing digital identity is often much easier. Once a fraudster successfully impersonates a legitimate customer, many traditional banking controls become far less effective. As financial institutions continue expanding digital

Great Audits Are Built on Great Communication When people think about a high-quality audit, they often think about risk assessments, internal controls, substantive testing, sampling, and audit evidence. While those technical procedures are essential, one of the most influential factors in audit quality receives far less attention: Communication between the auditor and the audit committee. The Public Company Accounting Oversight Board (PCAOB) recognizes that effective communic

Why Every Auditor Needs to Learn How to Create High-Quality AI-Generated Audit Content Artificial intelligence is no longer a future technology for the auditing profession. It is becoming an everyday productivity tool. Across internal audit departments, public accounting firms, government agencies, financial institutions, and compliance organizations, auditors are using generative AI to accelerate research, draft reports, summarize regulations, develop audit plans, identify r