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Artificial Intelligence, Real Breakthroughs: The Practice And Promise Of AI In Auditing

https://www.forbes.com/sites/insights-kpmg/2018/10/19/artificial-intelligence-real-breakthroughs-the-practice-and-promise-of-ai-in-auditing/
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Oct 19, 2018 4:17 PM 6+ mon ago

Recent progress in digitization has turned business-as-usual auditors into visionaries. Auditing today harnesses robotics, automation and cognitive technology (or artificial intelligence (AI)), developments so new that even their names would've moved executives to scratch their heads just two decades ago.

As the traditional processes of the audit profession and financial reporting turn over, it's critical for firms to embrace advanced technologies, now.

And as recently as the early-2000s, many, if not most, professionals would've been circumspect if asked to envision where we've now arrived. Sea changes in auditing usually take generations. Not so today.

"It's an incredible time to look back, staring down from today, and then look forward," says Bill Tomazin, Regional Managing Partner, West and Managing Partner of National Audit Solutions at KPMG U.S. "Over the past three years, we've moved quickly into digitizing the audit ...

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