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The Disruptors
With Liz Farr
For CPA Trendlines
Audit has a reputation for being slow to change, but leaders like Sarah Flischel, Director of Audit Transformation and Training at AAFCPAs, are making it happen.
“We’re fundamentally reimagining how audits are being conducted,” Flischel says. She’s pushing not merely for change in the profession, but true transformation, drawing on wisdom from Tom Hood to distinguish change and transformation: “Change is doing things differently and transformation is doing different things,” she explains.
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While change improves existing processes, transformation creates something fundamentally new. Traditional audits have been linear: gathering documents, testing samples, filling out checklists, and writing reports. Audit transformation means leveraging technology, using data analytics, and leveraging a risk-based approach to create an entirely new way of understanding clients’ businesses.
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