Artificial Intelligence: effect on audit and assurance

20 April 2022
Auditing and Assurance
South African Accounting Academy

This document explores Artificial Intelligence (AI), which is used in a broad range of technologies across the audit and assurance value chain.

The following sections are discussed:

Overview of AI Technologies
What is Machine Learning?
What is Deep Learning?
Ways that AI may be deployed to support the audit process
AI Challenges
AI Developments

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Relevance to Auditors, Independent Reviewers & Accountants:

Auditors and accountants need to be aware of topical developments that affect the way they perform their engagements, like e.g. Artificial Intelligence.
This document provides a high-level primer on Artificial Intelligence as it is one of the most significant and potentially disruptive technologies in audit and assurance.

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