Artificial intelligence and machine learning are blazing their way through the audit space. While regulators and some firms are still warming up to the idea, many of their peers are becoming more efficient, sustainable, and effective through technology. Specifically, AI and machine learning are giving auditing firms the ability to automate everyday tasks, and giving them time to focus on building client relationships, planning ahead, and taking deep dives into areas of concern.
But, while the benefits of AI-powered internal audits mount, many firms, and the auditors themselves, are still skeptical. They fear that these new technologies will require a depth of knowledge in data science and analytics that they simply don't have. Fortunately, as these technologies have developed, they have become much more accessible, user-friendly, and useful to the everyday user. All that is to say, you don't have to be a data scientist to use AI in internal audit.
In this session, MindBridge's John Colthart will help you understand how to embrace technology, create an environment for change, and the value you can put back into your business using AI.
Download the slides that accompanied this sessionDownload
John has held a series of roles with increasing responsibility at MindBridge. Before joining MindBridge, John held leadership positions in brand management, product experience, and design at IBM, including as a member of the team that launched IBM Watson Analytics. Prior to IBM, John was VP of Sales Operations for Clarity Systems, later acquired by IBM.
Rachel is responsible for leading MindBridge’s data science work and risk-scoring approach. Prior to joining MindBridge, Rachel was the Head of Data Analytics Research at the UK National Audit Office, leading a team of data scientists and analysts in developing unique data analytics capabilities for financial audit. Rachel acts as a subject matter expert for the ICAEW.
Virtually Live Partner
MindBridge helps financial professionals to trust financial data. From journal entry testing to data assessment, users are provided with the AI-embedded tools, visualised analytics, and in-depth resources they need to analyse, assess, and advise.
Finance in a Digital World
ICAEW has worked with Deloitte to develop Finance in a Digital World, a suite of online learning modules to support ICAEW members and students, develop awareness and build understanding of digital technologies and their impact on finance.
Virtually Live resources
A range of articles and information on the key topics being discussed at Virtually Live, as well as some of the sessions from 2020.
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