“Analytical Study of Artificial Intelligence (AI) in the Audit of Financial Institutions with Special Reference to Cooperative Societies in Maharashtra, India”
Year: 2024
Type: article
Abstract: The integration of Artificial Intelligence (AI) in auditing has transformed traditional approaches, offering enhanced accuracy, efficiency, and continuous monitoring of financial transactions. This research paper focuses on the impact of AI in auditing financial institutions, with a particular emphasis on cooperative societies. Given the unique structure, governance, and operations of cooperative societies, AI's role is explored in terms of benefits, challenges, and future trends. The study provides insights into how AI-driven audits can improve fraud detection, risk assessment, and regulatory compliance in cooperative societies, while addressing challenges related to data integrity, transparency, and ethical considerations.
Author: Dr.Subhash Sopan Wavhal -
Language: English
Subfield: Industrial and Manufacturing Engineering
Field: Engineering
Domain: Physical Sciences
Open Access status: hybrid
OpenAlex ID: W4403862774