efficiency meets innovation when you turbocharge audits with ai.
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quick tech talk
with steve yoss
cpe today
accountants can leverage ai tools—not just the industry-specific platforms like mindbridge and inflow systems, but also generative ai tools such as chatgpt and claude—to enhance their auditing processes.
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amazing, dedicated ai tools exist for accountants, but did you know you can use general generative ai to analyze excel workbooks and other data files?
by uploading a data file and posing natural language queries—such as identifying transactions on weekends, holidays, or those significantly deviating from the norm—accountants can efficiently sift through vast datasets. the results are quick, actionable insights that enable auditors to focus on the most critical transactions, streamlining the assurance process.
these tools can slice and dice data quickly and efficiently. they’re fast, appropriate, and easy to use.
however, accountants must operate within professional and regulatory boundaries. compliance with engagement letters, industry standards, and client confidentiality remains paramount.
for accountants willing to embrace ai, these tools can be game-changers, turbocharging audits and transforming traditional workflows.
the takeaway? artificial intelligence isn’t just a futuristic concept—it’s a practical, accessible ally ready to elevate accounting practices today.