Discuss technological advances and their implications for accounting, auditing and reporting in the next ten years.

1. What are the responsibilities of a company’s management in terms of monitoring business information in an IT environment?

2. ‘Emerging trends in technology will fundamentally alter the way in which both business and accounting will be conducted.’ Discuss technological advances and their implications for accounting, auditing and reporting in the next ten years.

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3. ‘By assessing the combined results of the continuous monitoring and auditing processes, auditors are able to provide continuous assurance regarding the effectiveness of internal controls.’ Discuss this statement with regard to the relationship of continuous auditing to continuous assurance and continuous monitoring

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