Artificial Intelligence for Audit, Forensic Accounting, and Valuation A Strategic Perspective
Produktdetaljer
Biografisk notat
AL NAQVI is the founder and CEO of the American Institute of Artificial Intelligence, the world's first AI business school. He is a pioneer researcher, scientist, entrepreneur, and innovator in artificial intelligence, data science, and machine learning in Audit, Assurance, Investment Management, Accounting, and Fintech applications. A former CFO, C-Level executive of Fortune 500 company, and a tech entrepreneur, he teaches Machine Learning and AI at the American Institute of AI.
linkedin.com/in/alnaqvi
Strategically integrate AI into your organization to compete in the tech era
The rise of artificial intelligence is nothing short of a technological revolution. AI is poised to completely transform accounting and auditing professions, yet its current application within these areas is limited and fragmented. Existing AI implementations tend to solve very narrow business issues, rather than serving as a powerful tech framework for next-generation accounting. Artificial Intelligence for Audit, Forensic Accounting, and Valuation provides a strategic viewpoint on how AI can be comprehensively integrated within audit management, leading to better automated models, forensic accounting, and beyond.
No other book on the market takes such a wide-ranging approach to using AI in audit and accounting. With this guide, you’ll be able to build an innovative, automated accounting strategy, using artificial intelligence as the cornerstone and foundation. This is a must, because AI is quickly growing to be the single competitive factor for audit and accounting firms. With better AI comes better results. If you aren’t integrating AI and automation in the strategic DNA of your business, you’re at risk of being left behind.
- See how artificial intelligence can form the cornerstone of integrated, automated audit and accounting services
- Learn how to build AI into your organization to remain competitive in the era of automation
- Go beyond siloed AI implementations to modernize and deliver results across the organization
- Understand and overcome the governance and leadership challenges inherent in AI strategy
Accounting and auditing firms need a comprehensive framework for intelligent, automation-centric modernization. Artificial Intelligence for Audit, Forensic Accounting, and Valuation delivers just that—a plan to evolve legacy firms by building firmwide AI capabilities.
Preface ix
Acknowledgments xiii
Part I: Foundations For AI and Audit
Chapter 1: Introduction: Staying Ahead of the Emergent Risk 3
Chapter 2: Fourth Industrial Revolution and Its Impact on Audit 23
Chapter 3: What is Artificial Intelligence? 37
Chapter 4: Rise of Machine Learning 51
Chapter 5: Machine Learning 69
Chapter 6: Building an IAA Audit Firm: The Planning Toolkit 103
Part II: Building the Automated Audit Function in the Enterprise
Chapter 7: Obtain, Retain, and Preplan with AI 119
Chapter 8: Automated Inherent Risk Assessment 147
Chapter 9: Automating Internal Controls Assessment 165
Chapter 10: Automated Procedures 189
Chapter 11: Reporting and Post-Audit Management 203
Part III: Forensic Accounting Automation
Chapter 12: Intelligent Automation of Fraud Detection 217
Chapter 13: Forensic Accounting 227
Chapter 14: Managing for Value and Valuation 241
Chapter 15: Tying It Together and Robots 251
Part IV: Management, Organization, and Governance For AI in Audit
Chapter 16: Client Management 265
Chapter 17: AI Organization and Project Management 275
Chapter 18: Governance and Ethics 283
Index 291
Discover the revolutionary potential of artificial intelligence in the audit and assurance industry
Practical, insightful, and forward-looking, Artificial Intelligence for Audit, Forensic Accounting, and Valuation: A Strategic Perspective provides readers with a step-by-step roadmap to understanding artificial intelligence's role in the field of accounting.
The book is divided into four parts. Part One describes the fundamentals of artificial intelligence and machine learning, both technically and concep- tually. Part Two shows readers how to build automation into their audit processes using artificial intelligence. Part Three describes the impact that AI can have on your forensic accounting processes, particularly with respect to automation.
Finally, Part Four discusses how artificial intelligence will revolutionize the nature of the organization itself. Author Al Naqvi takes readers through the foundational changes set to sweep through client management, project management, and governance within companies. Perfect for both experienced and novice accountants in a variety of fields and industries, Artificial Intelligence for Audit, Forensic Accounting, and Valuation belongs on the bookshelves of every professional with even a passing interest in the current and future impact of artificial intelligence in finance.
Artificial intelligence is revolutionizing fields in countless industries and accounting has not been an exception. But instead of making human beings redundant in the areas of audit, forensic accounting, and valuation as some predicted, AI has simply changed how skilled practitioners carry out their complex tasks.
Written in four parts, Artificial Intelligence for Audit, Forensic Accounting, and Valuation: A Strategic Perspective introduces you to the building blocks and forces that have combined to unleash the power of artificial intelligence as well as the ways in which you can capture and harness that power.
With a particular emphasis on the automation of the audit, forensic, and valuation processes, this book provides practical solutions for accounting professionals who seek to develop their understanding of artificial intelligence in the accounting space. The book's scope is not limited to a single country or industry, and references to nation-specific accounting standards are avoided.
AI is poised to revolutionize audit and assurance services across the globe. In fact, it's already doing that. Its impact will not be limited to a specific industry or nation, and author Al Naqvi walks readers through a comprehensive examination of the fundamentals of artificial intelligence technology that is relevant to all finance professionals. Additionally, he discusses how artificial intelligence will change the very nature of organizations, requiring a new understanding of the structure of the firm.
Whether your next project is an audit of an oil and gas organization in Dubai or a valuation of a tech firm in Silicon Valley, Artificial Intelligence for Audit, Forensic Accounting, and Valuation reveals how you can apply AI in your practice to accelerate, optimize, and automate your processes.
Produktdetaljer
Biografisk notat
AL NAQVI is the founder and CEO of the American Institute of Artificial Intelligence, the world's first AI business school. He is a pioneer researcher, scientist, entrepreneur, and innovator in artificial intelligence, data science, and machine learning in Audit, Assurance, Investment Management, Accounting, and Fintech applications. A former CFO, C-Level executive of Fortune 500 company, and a tech entrepreneur, he teaches Machine Learning and AI at the American Institute of AI.
linkedin.com/in/alnaqvi