Overview
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How to improve an audit quality
5 mins
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The approach to Intelligent Data Management is to scan document using OCR Technique
15 mins
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Pre validating the documentation and testing creates solid foundation in Audit
25 mins
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Black Rock Approach
32 mins
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Intelligent Data Management Architecture inside the Firm
41 mins
Course Description
Imagine a world where manual processes and outdated data management systems no longer burden financial audits. How would your firm benefit from real-time data analysis and AI-driven automation?
In this Episode, John Craig, CEO of Vigilant AI, discusses the transformative impact of artificial intelligence and machine learning in the audit space. We explore how financial data management is evolving through contextualized data lakes, automation, and AI-driven analysis and why it’s time for the accounting industry to embrace standardized approaches to data management. We’ll also discuss the role of AI in tackling decentralized data management challenges and the potential pitfalls of technologies like blockchain and data swamps.
Key topics discussed:
- Data Lakes.
- Blockchain Limitations.
- Audit Efficiency.
- AI-Driven Automation.
Whether you're an accountant, auditor, or business owner, this Episode offers practical insights into the future of audit innovation. Tune into this CPE Podcast to learn more about how Vigilant AI shapes the future of financial audits and where the industry is headed.
Learning Objectives
- Discuss the common issues around decentralized data management, inefficiencies from Excel-based workflows, and the risks associated with data silos.
- Explain the importance of building contextualized data lakes to manage structured and unstructured financial data, avoiding the creation of “data swamps.
- Explore how AI can improve the accuracy of financial audits by pre-calculating data and cross-correlating financial documents.
- Identify the advantages of using AI to automate routine audit tasks and identify anomalies.
- Review the need for standardized approaches to data management in the accounting industry.
- Explore the potential for continuous audits and how AI might eliminate manual processes.