Audit evolved: Balancing practical AI with professional judgment

Artificial intelligence is moving from audit talking point to practical tool, but the real story is not about technology for its own sake. It is about whether firms can use AI and data analytics to improve audit quality, test more, spot anomalies earlier and free experienced staff to focus on judgement, scepticism and challenge.

Auditors are excited by the potential, but wary of what might be lost if technology is implemented in the wrong way.

This tension makes this a timely webinar for auditors and firm technology leaders. Research from IDC, sponsored by Caseware, found that while 76% of auditors expect AI to transform the profession over the next decade, 88% worry it may undermine professional judgment.

The webinar session will explore where AI is already proving useful in audit, from journal testing, document review and data extraction to fuller transaction analysis and sharper risk assessment.

It will also examine the guardrails firms need around data security, explainability, documentation and accountability, in light of the Financial Reporting Council’s guidance on AI in audit, including how firms should document tools and their use.