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Big Four firms EY and KPMG announced recent upgrades to the AI tools used by their auditors, reflecting both firms' embrace of the new technology. Processing Content KPMG announced upgrades, ...

Companies can use financial audit software to determine whether there are significant misstatements in their financial accounts. An audit is a legal obligation for businesses to stay out of fraud.

The audit community’s adoption of electronic working papers to encourage collaboration has had an unintended consequence of creating dark data. That is, data trapped within these new documents, making ...