“What are the challenges for audit in the future and how to overcome these problems?

In the present age, auditing is playing a vitally important role in development of entity
economics.

Ever since the dawn of time, mankind has been finding ways to make sure correctly in
every decision, particularly decisions in investing. More recently, auditing has emerged as
a vitally important aspect of this field. Therefore, the number of tasks that are received by
auditors would be enormous quantities. Therefore, it is worthwide to consider that
auditors have currently faced with tough tasks and challenges in the future.

In one hand, having the variety of workloads makes the auditors opposite to the incident
symptom of mental disease. They can easily reach out of stress as well as depression
because they put a great deal of time to discuss client’s deadlines and focus on building
up their knowledge about the audit field. simultaneously, they usually do not dedicate
more time to a family that also contributes their lives to difficulty in mentality. To avoid
these situations, each individual should be equipped with those skills such as managing
time or being get used to meet strict deadlines. Moreover, organizations, where they work,
should have guild their employees how to come over to difficult situations in their lives, as
well as operating team entertaining activities which also giving them relax time after
having stressed and rushing time.

On the other hand, an enormous problem, the majority of audit have wonder, is whether
technology offers any advantages in the auditing field and whether they are more useful
than the people who have trained for many years as professional experts. The increase of
tools in the audit provides the advantage of decreasing the number of handworks.
simultaneously, they are now faced with tremendous challenges. This has resulted in an
ever-tougher competitive situation among people and developments of technology.
However, the crucial factor, mechanical developments do not irreplaceably, is the
professional skepticism and professional judgment of the auditor. Therefore, they should
improve and evaluate these skills to adapt to The Fourth Industrial Revolution may be
conveying the 5th.

To sum up, everything that has been stated so far, I would concede that there are two main
challenges auditors have to deal with in the future, which include over workload and
technology development. Nevertheless, those difficulties could also increase
opportunities for those who have curiosity and enthusiasm for a promising career.