Naqvi Al. Artificial Intelligence for Audit, Forensic Accounting, and Valuation: A Strategic Perspective

John Wiley and Sons, 2020. — 635 p. — ISBN 9781119601937.The rise of artificial intelligence is nothing short of a technological revolution. AI is poised to completely transform accounting and auditing professions, yet its current application within these areas is limited and fragmented. Existing AI implementations tend to solve very narrow business issues, rather than serving as a powerful tech framework for next-generation accounting. Artificial Intelligence for Audit, Forensic Accounting, and Valuation provides a strategic viewpoint on how AI can be comprehensively integrated within audit management, leading to better automated models, forensic accounting, and beyond. No other book on the market takes such a wide-ranging approach to using AI in audit and accounting. With this guide, you’ll be able to build an innovative, automated accounting strategy, using artificial intelligence as the cornerstone and foundation. This is a must, because AI is quickly growing to be the single competitive factor for audit and accounting firms. With better AI comes better results. If you aren’t integrating AI and automation in the strategic DNA of your business, you’re at risk of being left behind.Accounting and auditing firms need a comprehensive framework for intelligent, automation-centric modernization. Artificial Intelligence for Audit, Forensic Accounting, and Valuation delivers just that—a plan to evolve legacy firms by building firmwide AI capabilities.Foundations For AI and Audit
Introduction: Staying Ahead of the Emergent Risk
Fourth Industrial Revolution and Its Impact on Audit
What is Artificial Intelligence?
Rise of Machine Learning
Machine Learning
Building an IAA Audit Firm: The Planning Toolkit
Building the Automated Audit Function in the Enterprise
Obtain, Retain, and Preplan with AI
Automated Inherent Risk Assessment
Automating Internal Controls Assessment
Automated Procedures
Reporting and Post-Audit Management
Forensic Accounting Automation
Intelligent Automation of Fraud Detection
Forensic Accounting
Managing for Value and Valuation
Tying It Together and Robots
Management, Organization, and Governance For AI in Audit
Client Management
AI Organization and Project Management
Governance and Ethics