Modern Auditing: Tools, Techniques And Tactics

SUMMARY OF THE EVENT

The Department of Commerce, Faculty of Science and Humanities, SRM Institute of Science and Technology, Ramapuram, organized a Guest Lecture on “Modern Auditing: Tools, Techniques and Tactics” on 24th September 2025 at the East Block Room No: 112. The session was conducted from 9:30 AM to 11:00 AM.

The distinguished speaker was CA. R. Parasuraman, Chartered Accountant, R Parasuraman and Associates, Chennai, who shared his professional expertise and practical insights on the evolving landscape of auditing.

The primary objective of the session was to expose students to modern approaches in auditing by focusing on tools, technology integration, compliance mechanisms, and advanced techniques that ensure accuracy, efficiency, and transparency in financial reporting. The lecture aligned with the department’s vision to impart knowledge that connects academic concepts with contemporary professional practices.

Parasuraman emphasized how data analytics, digital tools, forensic auditing, and risk-based audit approaches are transforming traditional auditing methods. He also explained the importance of auditing in corporate governance, fraud detection, sustainability reporting, and compliance with global standards. Real-world case illustrations highlighted how auditors must adapt to rapid technological and regulatory changes.

The session was highly interactive, with students engaging in discussions and raising queries on practical challenges faced in the auditing profession. Activities such as scenario-based problem solving and question-answer exchanges helped the learners develop critical thinking and analytical perspectives.

This event not only strengthened students’ academic knowledge but also provided professional exposure, preparing them for the dynamic challenges of the corporate world. The session directly connected to Sustainable Development Goals (SDGs) such as SDG 8 (Decent Work and Economic Growth), SDG 9 (Industry, Innovation and Infrastructure), SDG 16 (Peace, Justice and Strong Institutions), and SDG 17 (Partnerships for the Goals) by stressing accountability, innovation, ethical practices, and strong institutional frameworks in auditing.

Overall, the lecture proved to be an enriching learning experience, bridging the gap between theory and practice. Students left with greater clarity, confidence, and motivation to approach auditing with a forward-looking and professional mindset.

SDG 8: Decent Work and Economic Growth

            This guest lecture significantly contributed to SDG 8 (Decent Work and Economic Growth) by equipping students with advanced knowledge and practical insights into auditing practices. This enhanced their professional competencies, making them more industry-ready and employable. By promoting a culture of ethical financial management and accountability, the program also supported sustainable business growth and long-term economic development.

SDG 9: Industry, Innovation, and Infrastructure

In alignment with SDG 9 (Industry, Innovation, and Infrastructure), the session exposed students to modern auditing tools, digital innovations, and techniques that are transforming the auditing profession. Such exposure fosters innovation-driven learning and prepares students to adapt to the evolving technological landscape of commerce and finance. It also strengthens the connection between academia and professional industry practices, enabling students to apply innovative solutions in real-world scenarios.

SDG 16: Peace, Justice, and Strong Institutions

The program also directly addressed SDG 16 (Peace, Justice, and Strong Institutions) by underlining the importance of transparency, accountability, and ethical conduct in financial reporting. Students gained awareness of the auditor’s role in ensuring compliance, detecting fraud, and maintaining integrity in both corporate and public institutions. This focus on ethical practices contributes to strengthening governance structures and building trust in organizations.

SDG 17: Partnerships for the Goals

The event supported SDG 17 (Partnerships for the Goals) by fostering collaboration between academia and the professional community. The engagement of an industry expert, CA. R. Parasuraman, facilitated knowledge-sharing and capacity-building among students, highlighting the value of partnerships in education and professional growth. Such collaborations not only enrich student learning but also create pathways for sustainable progress through the collective efforts of institutions and industries.