The latest technology develops rapidly today. It allows to perform certain tasks more precisely, faster and sometimes without the people involvement. When it comes to auditing and accounting, the reporting processes can have greatly benefit from the artificial intelligence technology. The fact is that the repetitive tasks are quite standardized, structured, and their execution is based on the implementation of a certain algorithm of action, are the best to be automated. That is why the preparation of various types of reporting can be carried out soon only with the use of artificial intelligence technologies. The human factor will be minimized.
The processing and analysis of information during audits is another one significant aspect. Artificial intelligence allows computers to carry out the intellectual processes inherent in people. They can analyze, synthesize, compare and aggregate data. At the same time, the probability of error due to inattentiveness disappears at all. Today, such technologies are actively used in the work, significantly reducing the time of audit and minimizing the chance of errors.
Moreover, modern artificial intelligence technologies take complex decisions, which in the vast majority of cases are the best in every particular situation. At present, machine learning develops actively - a section of artificial intelligence, the main purpose of which is to promote the development of computers in the thinking process, similar to the human. Thus, today cars are able to independently learn, accumulating the latest knowledge in themselves, the latest developments, the most advanced technology. A car can learn with lightning speed, sometimes ahead of people. The machine is not programmed to operate according to the given algorithm, but learns to make decisions on the basis of its previous actions and acquired information, in other words, experience.
As we can see, the sphere of application of artificial intelligence technologies can be quite wide in the audit and accounting. Such technologies can serve as a kind of digital-workforce, ready to come to the aid at any time and solve rather difficult tasks related to conducting of audits.