83 percent of law firms expect that technological change will significantly disrupt the industry. The use of artificial intelligence will radically change auditing and accelerate industry consolidation.
Despite increasing automation, it probably won't get any cheaper as a result, says Deloitte Germany boss Volker Krug. “Auditors are a trusted authority who must deliver the highest quality, even when no one is watching,” says Norbert Winkeljohann, former head of the auditing group PwC.