The Challenger Audit Brand: Can technology disrupt the audit market?
In January 2019, we published a report which looked at the extent to which the audit market was ripe for disruption, and in what form that could happen. We saw, at that time, an appetite from clients to divide the audit process up, potentially creating opportunities for technology-driven firms to enter the market in parts of the audit in which technology and increased automation can provide a step change in quality or cost.
We’ve decided to revisit that analysis in this report to assess to what extent clients’ views about the potential for disruption to the audit market have changed. We also wanted to understand further how clients think the market could be disrupted, and why we haven’t seen as much change in the market since January 2019 as we might have expected.