The big "F word" (fraud) and how to build trust in financials with AI
Everyone gets a little anxious when the “F word” is mentioned. No, not that “F word” — we’re talking about fraud. Fraud happens, and frankly, no organization is immune to its susceptibility. As the market evolves and society introduces new legislation, stakeholders will continue to increase their scrutiny of operations, thus increasing expectations of audit quality and rooting out fraud. Additionally, changing societal norms have presented auditors with new obstacles in the way they work with their teams and clients.
Over the last two years, remote work and changing business practices have presented opportunities for unforeseen risk due to new technology implementations and gaps in controls and compliance. These challenges open the door for shortcomings in bookkeeping processes, consolidating complex business data, and audits with potential data miscodings or failures to fully understand the risks and areas of concern across all operational components.
To combat these changes, organizations must adopt a more provocative risk management approach using next-gen technologies and procedures or risk running into an even bigger “F word”— failure. This webinar will provide you with a pathway to enable the use of the best technologies and procedures necessary to reduce the overall risk of fraud.