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Amazon, Google Poised to Become Auditors, Report Suggests

Sept. 11, 2018, 7:01 AM

Companies listed on world stock exchanges expect tech giants such as Alphabet Inc.'s Google and Amazon.com Inc. to enter the global audit market, either directly or in partnership with accounting firms already spending heavily on technology.

Edward Haigh, director of Source Global Research, in London told Bloomberg Tax by phone that a report released by his company Sept. 10 found that big companies ultimately expect audits to be split into different parts, so technology companies can take over some aspects, such as sampling, data collection, and analysis.

“They expect audit to be disaggregated,” Haigh said. “That opens the door ...

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