Garbelman Winslow CPAs is evidence that you don’t have to be a large firm to have big aspirations with cutting-edge technology. The Upper Marlboro, Md.-based practice, which has a total of six CPAs and 15 employees, is using artificial intelligence (AI) to identify high-risk transactions as part of its auditing process. Here’s what the firm
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
The internet and cloud technologies transformed the workplace. Similarly, AI will refine, reshape and even replace many of the tasks we do every day. Till now, technology transformations mostly made tasks faster or easier. AI is going to be different. Let us understand how AI can be effectively deployed for the accounting workforce. It is
Artificial intelligence is more than some notion from a faraway future. The technology has arrived, and some in the industry say Ottawa is poised to become the next “AI hub.” From guided missile technology to public consultations improvements, AI work is well underway in the capital. Read more
The AI revolution is currently on its way, creating numerous challenges and opportunities for both organizations and employees alike. This leads to a compelling and important question: How can we thrive in this new industrial revolution? To help find the answer, I recently spoke with Eli Fathi, CEO of MindBridge Ai, an award-winning audit solutions
Artificial intelligence is no longer just the stuff of Philip K. Dick novels and 70s sci-fi films. The robots are coming. In fact, they’re already here. And Canada is poised to be the next global leader in AI innovation and AI ethics. Read more
It’s hard to read the news or scan social media without some mention of artificial intelligence (AI). It’s all around us and already affecting many aspects of business and our daily lives. From voice assistants on mobile phones to self-driving cars, AI plays a vital and evolving role in how we understand and interact with
AI technology plays a vital and evolving role in how we understand and interact with the world around us, but the question in our world is what does AI mean for auditors? Read more
Even in the best of times, most startups struggle to be successful. The external factors are well documented, such as poorly thought-out market need, a surprise competitor popping up, or issues raising capital. One element that is less discussed, and often ignored completely, is how quickly a customer success strategy was executed. As startups tend
As it has with almost every industry, technological advancement is transforming the realm of accounting. Today’s auditors are relying on cutting-edge tools, such as artificial intelligence (AI) and machine learning to help them sift through vast quantities of data and pinpoint any anomalies for their human counterparts to analyze. Read more
Gillian Fischer, Global Manager of Customer Advocacy at MindBridge Ai, is one of our guest expert speakers at our AI for Accountants event on 2 April. Gillian, who has been a guest lecturer and speaker, has a comprehensive background in change management and helps customers embrace technology within their organisations through a global framework, including
We’ve come a long way since the days when unravelling scams was largely manual. But even with more sophisticated tools, a critical eye remains key to spot crime. New technology and legislation have brought big changes to the fraud detection landscape over the past 25-plus years. And even more profound changes are likely to come
