Artificial Intelligence Comes Financial Statement Audits

#artificialintelligence 

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?

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