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Automation, Data Reshape Financial Audit; Set Stage for AI

Jan. 15, 2019, 6:01 PM

Hoping to gain a competitive edge, the largest global accounting firms are investing millions to bring cutting edge technology to the financial audits of public companies.

The firms say the new and evolving tools at their disposal might be able to save their clients time, provide more effective audits, and ultimately deliver more reliable financial statements to investors.

At the same time, they are also unlocking new techniques that could leave current audit standards in the digital dust.

Automation, advanced data ...