What is The role of a modern day auditor in the current global scenario?

The role of a modern-day auditor has evolved to encompass not only traditional financial auditing but also a focus on risk management, compliance, and sustainability. In the current global scenario, auditors are expected to provide assurance on the accuracy of financial statements while also evaluating the effectiveness of internal controls and assessing regulatory compliance. They play a crucial role in enhancing transparency and trust in financial reporting, especially in an era marked by increasing scrutiny and complex global regulations. Additionally, auditors are increasingly involved in auditing non-financial information, such as environmental, social, and governance (ESG) metrics, reflecting the growing significance of corporate responsibility and stakeholder expectations.