Data-Driven Audits: 7 Ways to Use AI Today
In order to leverage AI successfully, accountants need to shift their mindset and create their plan for the future. That plan can start small with AI technology, and each phase of the plan should focus on driving efficiencies. The AI technology should allow firms to perform higher quality, data-driven audits while also providing analysis that enhances the firm’s value as an advisor.
In this white paper, we’ll start by reviewing the definition and history of AI. Then, we will examine seven ways that accounting firms can take advantage of AI to improve their work and processes today. Finally, we will answer three questions about AI on every accountant’s mind — starting with whether AI will eliminate the need for accountants and take away jobs.
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