A senior manager at a mid-sized CPA firm told me last week, half joking, “My junior just reviewed 100% of transactions before lunch.” Then he paused and added, “Well… technically, the software did.” That pretty much sums up...
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Are Regulators Ready for AI in Auditing?
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Subscribe06 APR 2026 / TECHNOLOGY
CPE Approved
AI is increasingly integrated into audit and tax workflow tasks, with tech such as EY's AI-powered Canvas platform and Diligent's AuditAI reducing administrative workloads by 70%. While AI's capacity for automated compliance, faster audits, and early risk detection is lauded for efficiency, regulators are grappling with the standards for AI use in such scenarios, particularly in maintaining accountability when AI misinterprets data.
A senior manager at a mid-sized CPA firm told me last week, half joking, “My junior just reviewed 100% of transactions before lunch.” Then he paused and added, “Well… technically, the software did.” That pretty much sums up...
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