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The Future of Auditing: An Analysis of AI Implementation in the Big Four Accounting Firms

Year: 2021
Type: article
Abstract: The implementation of Artificial Intelligence (AI) technology has become somewhat of a hot topic within the modern business world. Many companies have chosen to embrace the potential that these systems have on the ways we can conduct business, while others are hesitant to “dip their toes” in the figurative waters of AI research and utilization. Auditing is no different from other industries in that firms are excited to see what potential these new innovations have in store for promoting a faster, more efficient, and more accurate audit. This review peers into how some Big 4 firms have made the first steps toward AI inclusion and what they must do to prepare for a future that features machine automation alongside human reasoning.
Language: English
Open Access status: green
OpenAlex ID: W3167351028
FWCI: 1
Cites: 6
Cited by: 5
Related to: 10