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Rightfit External Auditors are considering the use of Artifial Intelligence (AD) as a tool in their audit of Sunnyside Inci, a nationwide provider of cosmetic
Rightfit External Auditors are considering the use of Artifial Intelligence (AD) as a tool in their audit of Sunnyside Inci, a nationwide provider of cosmetic and beauty products. Specifically, the external auditing firm is interested in using artificial intelligence to review lengthy contracts the client has entered into, Some of the benefits of utilizing artificial intelligence in this scianario include: (Select all that applys using artificial intelligence to identify kev terms and clauses in the contracts, which may help to determine the appropriate accounting for these contracts. Fevewig debt and loancovenant documents for key metricr and accounting issues that the externalauditor needs to be aware of. the abifity of the artificial intelligence model to continuously learn via auditor feed back, and thus improve model outputs and predictions. review the audit report generated by the internal audit function for accuracy, before release to the general public
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