Are Artificial-Intelligence Software Audits Around the Corner?

Recent weeks have seen a number of news reports and announcements indicating that the Next Big Thing for audits – financial audits, at least, for the time being – is the use of artificial intelligence technologies to facilitate the analysis of large volumes of data in the context of audit-related activities. KPMG’s recent announcement was particularly noteworthy from my perspective, because it indicated that the audit firm would be deploying IBM’s Watson “cognitive computing technology” to KPMG’s professional services offerings. According to the announcement: “One current initiative is focused on employing supervised cognitive capabilities to analyze much larger volumes of structured and unstructured data related to a company’s financial information, as auditors ‘teach’ the technology how to fine-tune assessments over time. This enables audit teams to have faster access to increasingly precise measurements that help…


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