The Audit Market in 2018
Consulting Market Programme 2018
By Edward Haigh.
Contrary to what Bloomberg recently reported me as saying, I don’t think Amazon and Google are poised to become auditors.
I can be fairly certain about this, because both firms’ recent achievements strongly point to the idea that a degree of sanity prevails in their leadership. And nobody in their right mind would actually choose to be an auditor any more, would they?
I suppose I ought to concede that auditors would. For them, the mechanics of the industry work pretty well: Governments oblige companies to buy a very expensive service, every year, from a market in which, for various reasons, there are basically four players. It’s like a dream come true. Well, apart from the actual auditing itself.
For everyone else it must look like a complete nightmare: You’ll spend your life performing soul-crushingly tedious work while being watched over by regulators, governments, shareholders, and the media; you’ll get fined, or even imprisoned, when you get things wrong, and ignored when you get things right; and your clients will be desperate for the day when they can replace you with a robot that does in five minutes what you do in six months, and which charges by the hour. Which might be next Tuesday at this rate. I mean, seriously, you just wouldn’t, would you?
Blog | 9th November 2018 | Read more