By Hitendra Patil and Eli Fathi
To use AI or not?
That is the question for accounting and audit firms looking toward the future. There is a lot of fear, uncertainty, and doubt regarding the availability, adoption and use of artificial intelligence-based systems. There is even some misleading information within the broader community of accounting and audit tools.
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A wide range of claims and news can be found online, from AI “not being ready” for accounting, to questioning the benefits of artificial intelligence. Vendors stating their solutions are AI-enabled may be adding to the confusion. READ MORE →