Accounting firms need to increase their focus on technology. That’s not new. But how technology and software companies are using artificial intelligence (AI) and machine learning (ML) within the accounting industry is — because it is impacting accounting, tax and audit.
The audit space is a bit outside of my comfort zone, but I know that AI and ML are having a huge impact on the audit world. AI-powered technology can do a lot of the grunt work accountants do today to improve workflows at a much faster pace.
Now, let’s break this down…
