AI and the Audit: What does a robot need to audit your numbers?

In the previous post, we examined the value propositions that Appzen's AI brings to auditing expense reports. In this post, we analyze what insights we can extract from Appzen when it comes more broadly to applying AI to the external financial audit. The following gives a refresher on how the Appzen AI audit works: Based on this we look at a number of factors that exist in this process to develop Standardized process: The expense report process that has been fairly standardized for over a decade: employees submit a digitized report of what they spent, expense codes, commentary and all the supporting documentation (e.g. This is similar to how factories needed an assembly line before they could be automated. Standardized capture and presentation of audit evidence: I think this is a key piece: the actual audit evidence (i.e.