Using AI, public sector organisations can both identify and rectify potential issues before they become a problem, saving valuable money in the process and ensuring these precious public funds are being administered and used effectively.
Accountability and transparency are essential for public sector audits. The public sector is under a watchful eye to ensure finances are being managed ethically and appropriately, whilst also being responsible for providing early warnings of financial pressures or failures. Due to COVID measures, there is currently a huge volume of funds being distributed to individuals or companies from the public ‘purse’, placing increased pressure on audits to ensure the funds are being used for their intended purpose.
Read more from Rachel Kirkham on AI News