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January 2020

audit sampling method
Audit

AI for government finance: Understanding value & barriers

Klaus Schwab, the Founder and Chairman of the World Economic Forum, shares in his book, “The Fourth Industrial Revolution,” that artificial intelligence (AI) will perform 30% of corporate audits by 2025. While any estimate of change is just that, an estimate, the pace of change is governed by the benefits that result from the application

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function of internal audit
Audit

Getting ready for AI-powered audit in 2020

You’re in the minority if you haven’t heard of artificial intelligence (AI). Yet the accounting profession has a long way to go in terms of adoption. AI is a popular conversation piece for industry bodies such as the AICPA, CPA Australia, ICAEW, and PCAOB, and more firms are deploying the technology today than ever before. But most firm leaders still

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