Question
Hello, Please I need a paraphrasing of the following: 6. AI For Precise Auditing The role of artificial intelligence in accounting for internal auditing is
Hello, Please I need a paraphrasing of the following:
6. AI For Precise Auditing
The role of artificial intelligence in accounting for internal auditing is one of the top applications of this advanced technology. Digitization in the audit process enhances the security level. Using a digital tracker, the auditors can track each file that is accessed. Rather than searching all paper documents, digital files can ease the audit work.
Hence, the digitization process in auditing provides improved accuracy of audits. Thus, artificial intelligence in accounting and auditing helps to record every financial transaction of the company. AI-powered audits are more efficient and perfect.
7. Monthly/Quarterly Cash Flows:
AI-powered machines can collect data from many sources and integrate that data. AI tools, devices, or AI applications not only speed up your processes, but they make your financial processes accurate and secure. Monthly, quarterly or annual cash flows will be collected and consolidated easily using AI-powered applications.
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