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According to the 2018 ACFE Report to Nations, two out of the top three categories of occupational fraud are asset misappropriation and financial statement fraud. Throughout the past decade, CAATs have been discussed and broadly used, but what about the next wave of auditing tools? Is your firm embracing AI as the next powerful solution? In this session you will learn:
What embracing AI can do to enhance your assurance process and results
Best practices in the planning and implementation process when embracing AI
A case study – how AI detected fraudulent transactions before the client alerted the team
Learning Objectives:
Determine how data analytics tools and resources that may be leveraged in the current audit cycle
Identify ways to leverage data insights to inform work on those things that matter most