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New Age Audit of Banks – Emerging Facets

Jm Kumar

Senior Business Consultant, Finance & Reporting practice, Banking and Financial Services, TCS

How cognitive technology is transforming the audit and reporting function 

Technology is transforming the audit function; the future of audit will be shaped by cognitive technologies and analytics. Banks must gear up for the change by adopting software suites to plan and prepare financial statements and implementing digital initiatives. This will help banks to

  • Gain more insights on their operations
  • Perform more detailed scrutiny
  • Better understand the risks involved

 

About the author

Jm Kumar
Jm Kumar is a Senior Business Consultant with TCS’ Banking and Financial Services unit and has over 10 years of experience in the finance, reporting, and compliance space.