With major corporate scandals, decreasing consumer confidence, and the Big Four firms stopping consultancy work for audit clients, the UK accountancy industry is poised for a major shakeup. Eli Fathi explains how AI is uniquely poised to fix many of the symptoms of mistrust in audit by eliminating the need for auditors to rely on hunches and intuition to determine risk.
The Fintech Times: How Artificial Intelligence Can Help Mend the UK’s Broken Audit System
