Artificial intelligence for audit, forensic accounting, and valuation : a strategic perspective / Al Naqvi.

Format:

Book

Author/Creator:

Naqvi, Ali S., 1968- author.

Language:

English

Subjects (All):

Auditing--Data processing.

Auditing.

Forensic accounting.

Valuation.

Artificial intelligence.

Physical Description:

xiii, 306 pages : illustrations ; 24 cm

Edition:

First edition.

Place of Publication:

Hoboken, New Jersey : John Wiley and Sons, Inc., [2020]

Summary:

"With significant and disruptive automation underway, accounting and auditing professions must rediscover themselves. The automation is permanently changing how services are developed and delivered. Due to the advent of highly cost-effective automated models that greatly outperform traditional auditing and forensic accounting, customers are demanding audit and accounting firms to automate. In this unsettling world dominated by "creative destruction", only those firms and professionals will survive and thrive who know how to adapt and innovate. At the center of all innovation are two revolutionary technologies: artificial intelligence and blockchain. The rise of artificial intelligence technology provides limitless opportunities for those who know how to adapt. Firms need a comprehensive framework for intelligent automation centric modernization. This book delivers a comprehensive framework to transform legacy firms into modern accounting and audit services firms. It provides a big picture view of building firmwide capabilities using artificial intelligence and empowers professionals by explaining: How artificial intelligence is the most important competitive advantage of modern audit and accounting firms. What is artificial intelligence and how it is being used in the industry How to compete effectively in the new age of accounting and audit. How to build your firm around artificial intelligence What are the governance challenges of AI How to deliver results with artificial intelligence"-- Provided by publisher.

Contents:

Machine generated contents note: pt. I FOUNDATIONS FOR Al AND AUDIT

ch. 1 Introduction: Staying Ahead of the Emergent Risk

ch. 2 Fourth Industrial Revolution and Its Impact on Audit

ch. 3 What Is Artificial Intelligence?

ch. 4 Rise of Machine Learning

ch. 5 Machine Learning

ch. 6 Building an IAA Audit Firm: The Planning Toolkit

pt. II BUILDING THE AUTOMATED AUDIT FUNCTION IN THE ENTERPRISE

ch. 7 Obtain, Retain, and Preplan with Al

ch. 8 Automated Inherent Risk Assessment

ch. 9 Automating Internal Controls Assessment

ch. 10 Automated Procedures

ch. 11 Reporting and Post-Audit Management

pt. III FORENSIC ACCOUNTING AUTOMATION

ch. 12 Intelligent Automation of Fraud Detection

ch. 13 Forensic Accounting

ch. 14 Managing for Value and Valuation

ch. 15 Tying It Together and Robots

pt. IV MANAGEMENT, ORGANIZATION, AND GOVERNANCE FOR Al IN AUDIT

ch. 16 Client Management

ch. 17 Al Organization and Project Management

ch. 18 Governance and Ethics.

Notes:

Includes bibliographical references and index.

Other Format:

Online version: Naqvi, Ali S., 1968- Artificial intelligence for audit, forensic accounting, and valuation.

ISBN:

9781119601883

1119601886

OCLC:

1121482968