Clarity on the Future of Audit

Leveraging the potential of advanced technologies and new ways of working.

Embracing the Future of Auditing

The audit of tomorrow will be very different from the audit of today. Advanced technologies are enhancing audit quality and efficiency as we speak.

However, alongside these opportunities come challenges, such as a new league of cyber risks and the opacity of black boxes relating to Artificial Intelligence. At the same time, stakeholders have higher expectations of the auditor's work. Expectations that reach beyond the traditional financial domain.

At KPMG, we are embracing these exciting new opportunities wholeheartedly. Our focus lies on harnessing an array of technological innovations responsibly while upholding the principles of trust, transparency, and the human touch. With a forward-thinking mindset, auditors can confidently steer the profession into a future where trust remains the bedrock of financial systems in an ever-changing world.

In our "Clarity on" campaign, we elaborate on a variety of technological developments. In this respect, it is impossible to overlook the power of Artificial Intelligence (AI) that could revolutionize the world of audit.

But there is more. Continuous auditing delivers a whole new speed in audits; blockchain may be adopted as a 'trust machine'; and on a conceptual level: How can we build trust in a new digital society?  

We believe that the future of auditing lies at the intersection of innovation and human expertise

Discover our key topics



Video & Webarticle


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AI in financial reporting and audit: navigating the new era

Our study confirms AI’s importance in financial reporting and auditing and clarifies that it’s not just hype.


The crucial role of data governance

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Why AI is a must in auditing




ESG reporting – a strategic approach to success

Expert insights on ESG reporting and automation.



ESG in reporting & assurance

How to create more transparency for stakeholders and society – and meet the regulatory requirements?



Video interview

The development of the auditor in the digital age

Explore how KPMG is shaping the future of audit – a journey of innovation and trust in technology.


The role of the auditor in the age of AI

Influence of AI on the work of the auditor (in German).



At the start of the learning curve

Challenges of the auditing industry (in German).




Human judgment and technology as cornerstones for trust

Our client survey shows that the use of technology is a must have but human expertise is a differentiator.


Assurance is becoming increasingly important

Digitalization and sustainability increase the need for trust (in German).

What is the future of audit in a nutshell

AI is currently dominating the technological landscape. It has the potential to revolutionize the world of auditors, but we need to look beyond the hype. AI will no doubt become increasingly useful once its capabilities are well understood and its limitations adequately addressed. As AI matures, it will be further integrated into the audit process, augmenting auditors' abilities and improving the accuracy and efficiency of audits while gaining more relevant insights.

Continuous auditing, a long-desired aspiration in the auditing profession, has become a reality with the maturation of auditing tools. It enables professionals to monitor transactions and financial data continuously, providing real-time insights and reducing the lag between data collection and analysis. The result: better and faster detection of anomalies and potential risks. 

One of the new concepts emerging to build trust is blockchain, sometimes referred to as a ‘trust machine.’ Blockchain technology creates a permanent record and a single source of truth. One of the promising areas is that it may provide us with richer and more reliable insights on ESG information, also when it comes to Scope 3 emissions (downstream and upstream in the supply chain).

Advanced technology, such as robotic automation, artificial intelligence and blockchain can make businesses more efficient and competitive. This also requires new ways of providing assurance over the use of technology, including protecting businesses from new risks such as cyberattacks. Moreover, as we embrace AI and automation, it is crucial to be critical of the inherent biases that could seep into the decision-making process. At the same time, there is also a growing need for assurance in the domain of Environment, Social and Governance (ESG) and technology plays a key role there as well.

While the powerful toolbox of technologies promises enhanced quality and efficiency, auditors must navigate the risks thoughtfully. After all: A fool with a tool is still a fool. This is why we need critical thinking on a level that machines currently cannot deliver. Embracing the ‘human in the loop’ approach is therefore the way forward in a new era of auditing.

Now that technology has permeated every aspect of our society, we are starting to recognize that the impact goes beyond a mere technological transformation; it also has far-reaching consequences on how we build and maintain trust in a world dominated by technology. This leads to a much more collaborative approach that requires regular communication and exchange - the human element remains integral.

Reach out to our experts

Lukas Marty

Partner, Head of Audit, Member of the Executive Committee

KPMG Switzerland

Rolf Hauenstein

Partner, Head of Markets Audit, Head of Board Leadership Center

KPMG Switzerland

Evgenia Lopushanskaya

Director, Audit Innovation

KPMG Switzerland

Martin Löber

Director, Head of Sales Audit Corporates

KPMG Switzerland

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