AI in finance Audit

Empowering CFOs to enhance auditability in the age of AI

The integration of Artificial Intelligence (AI) into finance and accounting (F&A) would be transformative, revolutionizing how tasks such as accounts payable, invoice processing, automated accruals, account receivables, collections, employee expense management, financial planning and analysis (FP&A), taxation, and investments are conducted. This technology-driven shift towards deep and intelligent automation will significantly improve efficiency, accuracy, and data-driven decision-making. However, as AI takes over more tasks traditionally performed by humans, questions arise about the auditability of these processes. In this blended world of human and machine collaboration, does AI enhance or complicate the auditability of financial processes? Let’s explore this with examples.