The hackathon reinforced Mazars’ lead role in the development of high quality and high value audits and confirmed the commitment of its partners to ensuring that our audit and assurance services are relevant and bring value to companies and their many stakeholders.
David Herbinet, Mazars global head of audit and assurance who organised the event, said: "Audit is in critical need of significant change. Amazingly its scope has not significantly evolved since it was first invented. However everything is changing, from the way technology is used and is impacting business, to new societal expectations on business conduct, and above all, the paramount importance of trustworthiness. It is imperative for our profession to find alternative ways to deliver our service."
Participants heard and imagined how artificial intelligence and machine learning and blockchain could be applied to our audit processes enabling auditors to capture, process and analyse different sets of information from multiple traditional and non-traditional sources in such a way as to bring value to our clients and stakeholders in audit at large.
Concluding the hackathon, David Herbinet reminded participants: "Our license to operate as auditors is at stake. Our industry needs deep transformation. We want to reinvent our profession and create real value for our clients, our people and society. Today is just the beginning of an exciting innovation process. Let’s keep things moving."
Conversations are ongoing with the participants with the aim of identifying those who would like to continue to take part in this journey and work with us on identified projects in collaboration with start-ups and stakeholders. If you would like to find out more about the hackathon, kindly send us an email:
Ask us your questions about the hackathon
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