AccountingWEB: How Real Firms are Using AI for Audit

In his book, The Fourth Industrial Revolution, founder and executive chairman of the World Economic Forum, Klaus Schwab, states that a shift will occur when 30 percent of corporate audits will be conducted by AI, which 75 percent of people surveyed expected to happen by the year 2025. It’s already underway, with the Big Four firms making significant investments into AI projects and regulatory bodies discussing its impacts.

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