Details

Artificial Intelligence for Audit, Forensic Accounting, and Valuation

A Strategic Perspective
1. Aufl.

von: Al Naqvi
32,99 €
Verlag:	Wiley
Format:	EPUB
Veröffentl.:	28.07.2020
ISBN/EAN:	9781119601937
Sprache:	englisch
Anzahl Seiten:	320

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Beschreibungen

Titelbeschreibung

Strategically integrate AI into your organization to compete in the tech era 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. <ul> <li>See how artificial intelligence can form the cornerstone of integrated, automated audit and accounting services</li> <li>Learn how to build AI into your organization to remain competitive in the era of automation</li> <li>Go beyond siloed AI implementations to modernize and deliver results across the organization</li> <li>Understand and overcome the governance and leadership challenges inherent in AI strategy</li> </ul> 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.

Inhaltsverzeichnis

Preface ix Acknowledgments xiii Part I: Foundations For AI and Audit Chapter 1: Introduction: Staying Ahead of the Emergent Risk 3 Chapter 2: Fourth Industrial Revolution and Its Impact on Audit 23 Chapter 3: What is Artificial Intelligence? 37 Chapter 4: Rise of Machine Learning 51 Chapter 5: Machine Learning 69 Chapter 6: Building an IAA Audit Firm: The Planning Toolkit 103 Part II: Building the Automated Audit Function in the Enterprise Chapter 7: Obtain, Retain, and Preplan with AI 119 Chapter 8: Automated Inherent Risk Assessment 147 Chapter 9: Automating Internal Controls Assessment 165 Chapter 10: Automated Procedures 189 Chapter 11: Reporting and Post-Audit Management 203 Part III: Forensic Accounting Automation Chapter 12: Intelligent Automation of Fraud Detection 217 Chapter 13: Forensic Accounting 227 Chapter 14: Managing for Value and Valuation 241 Chapter 15: Tying It Together and Robots 251 Part IV: Management, Organization, and Governance For AI in Audit Chapter 16: Client Management 265 Chapter 17: AI Organization and Project Management 275 Chapter 18: Governance and Ethics 283 Index 291

Autorenportrait

AL NAQVI is the founder and CEO of the American Institute of Artificial Intelligence, the world's first AI business school. He is a pioneer researcher, scientist, entrepreneur, and innovator in artificial intelligence, data science, and machine learning in Audit, Assurance, Investment Management, Accounting, and Fintech applications. A former CFO, C-Level executive of Fortune 500 company, and a tech entrepreneur, he teaches Machine Learning and AI at the American Institute of AI. linkedin.com/in/alnaqvi

Back cover copy

Discover the revolutionary potential of artificial intelligence in the audit and assurance industry Practical, insightful, and forward-looking, Artificial Intelligence for Audit, Forensic Accounting, and Valuation: A Strategic Perspective provides readers with a step-by-step roadmap to understanding artificial intelligence's role in the field of accounting. The book is divided into four parts. Part One describes the fundamentals of artificial intelligence and machine learning, both technically and concep- tually. Part Two shows readers how to build automation into their audit processes using artificial intelligence. Part Three describes the impact that AI can have on your forensic accounting processes, particularly with respect to automation. Finally, Part Four discusses how artificial intelligence will revolutionize the nature of the organization itself. Author Al Naqvi takes readers through the foundational changes set to sweep through client management, project management, and governance within companies. Perfect for both experienced and novice accountants in a variety of fields and industries, Artificial Intelligence for Audit, Forensic Accounting, and Valuation belongs on the bookshelves of every professional with even a passing interest in the current and future impact of artificial intelligence in finance.