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Series 23 - The Audit Transformation: When Real-Time Data Makes Annual Audits Obsolete

by Ryigit · 4 episodes

Business

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The annual audit was designed for a world where financial data existed in ledgers, assembled periodically, and verified only after the fact. That world no longer exists. When tax authorities hold continuous transaction data and governments receive financial reports as they are generated, the annual audit does not become more rigorous — it becomes redundant. Hosted by Rıdvan Yiğit | Founder & CEO, RTC Suite rtcsuite.com · [email protected] · linkedin.com/in/yigitridvan

Latest episodes

  1. Series 23 - The Deep Dive: Real-Time Data Ends the Traditional Audit

    The traditional audit ends — not as a regulatory event but as an organisational reality — when the cost of producing the annual audit opinion exceeds the marginal assurance value i…

    20 min
  2. Series 23 - The Debate: Real-Time Data Makes Traditional Audits Obsolete

    The debate about whether real-time data makes traditional audits obsolete has a specific structure that makes it harder to resolve than it first appears. Both sides agree that real…

    21 min
  3. Series 23 - The Critique: Real-Time Government Reporting Ends Traditional Auditing

    The traditional audit has a structural dependency that most audit professionals have not fully reckoned with: it depends on the auditor having information that the client's other s…

    20 min
  4. Series 23 - The Brief: Real-Time Reporting Ends the Annual Audit

    The annual audit exists because somebody needed to check. When financial statements were produced from ledgers that nobody outside the organisation could see, an independent review…

    2 min
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