GAE2015. Sailing or Flailing? Driving Audit Innovations in the Digital World

Innovation is not automagical but it is an essential element for the audit community to tackle complex oversight challenges in a digitally connected world that cannot be fully addressed through conventional approaches alone. What strategy can we adopt to incorporate emerging capabilities - such as artificial intelligence (AI), distributed ledgers, robotic-process-automation (RPA), and cloud computing - and help drive better oversight questions with greater speed, scale, and depth? The Innovation Lab at GAO aims to shape the #FutureOfAudit to help our mission teams as well as a broad ecosystem of stakeholders sail into the Fourth Industrial Revolution.

Learning Objectives:

• Understanding the unique duality that auditors face when it comes to emerging capabilities
• GAO Innovation Lab's strategy
• Select examples of transformation projects