With rapid technology evolution and increasing client expectations, audit firms are compelled to enhance their services through the use of cloud solutions and technologies.
Benefits of cloud-based tools and technologies
Cloud-based tools offer a multitude of benefits for audit firms. Automation of tasks, real-time collaboration, and improved accessibility to data are just a few advantages. These benefits translate into significant time savings and increased job profitability, particularly in an industry that is highly competitive when it comes to pricing.
The importance of cloud technology adoption
The adoption of cloud technology has become increasingly important, especially in the context of the remote work environment brought about by the global pandemic. Audit firms must ensure smooth operations by relying on secure and reliable cloud-based technologies, allowing team members to work seamlessly regardless of their physical location.
Insights from Wolters Kluwer’s survey of audit firms
Wolters Kluwer is a global leader in software and knowledge solutions with a range of award-winning cloud and on-premise solutions. As we look forward to a full cloud transition, Wolters Kluwer surveyed audit firms across Australia, Singapore, and Malaysia to determine their key challenges, as well as their readiness and adoption of cloud audit technologies. Some of the key findings are presented in this whitepaper.
