Audit services are traditionally viewed as compliance requirements by regulators or a way to instill confidence with a company's investors. As a result, the focus of the CFO might shift to minimizing costs and efforts in order to comply with the required audits. During the limited interactions with the audit committee or the company's CFO, how can auditors demonstrate their value as a trusted advisor that goes beyond traditional assurance to delivering valuable insights? How do auditors build strong working relationships with respective clients for future audit engagements? Leveraging MindBridge Ai Auditor, the audit team can enhance their Audit Findings Report or Audit Committee Presentations to include visualizations, reports, and trends analysis to better communicate the work performed by the audit team. Reports can be tailored to include areas that are beyond formal requirements to areas that would be of most interest to the audit committee or that the CFO would be most concerned about.

Companies have high hopes for transformational technologies, especially those that leverage the vast amount of data being collected. Approaches using methods such as artificial intelligence (AI), machine learning (ML) and deep learning are becoming increasingly accessible and gaining significant traction, as they allow for deep insights to be extracted from large and varied data sets. As noted in the 2019 IT Audit survey by Protiviti and ISACA, this transformation has the potential to fuel long-term growth. However, as Protiviti's recent global AI survey reveals, most companies are still at the starting gate when it comes to figuring out the answers to basic questions: What are the possible use cases for AI? Can we measure ROI? What data do we have and how usable is it?

Long gone are the days of picking up blank receipts from a cabbie. With the advent of technology, fabricating receipts has never been easier. With just a quick Google search I came across two online tools (Express Expense and Fake Receipt) that generate a plethora of receipts - for Uber, hotels, fuel, meals, coffee, and much more. I created a few receipts using the tool and compared them to legitimate receipts. Even having spent many years in the fraud detection space, it was tough for me to spot the differences at first glance.