We could be standing at a turning point where audit can help provide businesses with game-changing insights and a confidence and trust model through the use of artificial intelligence (AI).
The information age challenges our ability to consume and understand the increasing amounts of data created every day. It’s likely that the pace of data creation will only increase, leading to a deeper pool of information that if effectively consumed, analyzed and understood by the audit process, can lead to a higher quality audit.
Source: Accounting Today