What is the role of the auditor in the age of AI?

From shipping to shopping, nearly every industry across the globe has undergone a data revolution. Companies now have the ability to collect massive amounts of information from every facet of their operations--information that's unparalleled not only in its sheer quantity but also in its frequency and immediacy. This data deluge is transforming not only the way executives run their companies, but also the way those companies are audited. The potential benefits of this shift are broad and far-reaching. At the same time, customer demands are evolving, says Felice Persico, EY Global Vice Chair for Assurance.