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 provide 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 into 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.