Artificial Intelligence Comes Financial Statement Audits
Can we trust Artificial Intelligence (AI) to audit financial statements? Artificial intelligence advocates speak of a time to come when these systems will be capable of auditing 100% of a company's financial transactions. These visionaries foresee the day when AI will enable auditing that is a continuous and real-time process, not a prolonged exercise requiring large teams of accountants working overtime after the close of a fiscal year. But is AI in auditing a good idea? Or do we even have a choice -- is it just part of the data-focused technology wave that all companies must embrace?
Feb-3-2017, 08:35:04 GMT
- Industry:
- Banking & Finance (0.70)
- Government > Military (0.50)
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- Information Technology
- Artificial Intelligence (1.00)
- Data Science > Data Mining (0.30)
- Information Technology