Three challenges that face audit and accounting firms in 2024

Talent acquisition, risk assessment practices, and the evolution of quality management standards are key areas of risk and opportunity for audit and accounting firms. To succeed in a demanding environment, firms must adopt strategies that streamline processes, enhance compliance, and harness the power of technology. Pinpointing three audit challenges and current issues in auditing, the AICPA's Enhancing Audit Quality initiative also offers resources that address the key challenges auditors face. Leveraging technology is a crucial focus, as technology-enabled auditing enhances