Artificial intelligence could soon impact the role of the auditor. AI may enable auditors to automate tasks conducted manually for decades, such as counting inventories or processing confirmation responses, or scan financial statements while linking disclosures to SEC documents.
How the role of the auditor may change due to AI
Using artificial intelligence, auditors may soon be able to provide clients with new ways to uncover risk hiding in plain sight in financial statements. As a CPA and audit partner, I don't do robots or self-driving cars. But a number of my clients do. They are innovating in many fields.