Machine Learning in Auditing

Machine learning has the ability to significantly enhance audit speed and quality, but it also has some hazards. The authors discuss present and potential applications of machine learning in the audit profession while also giving a comprehensive overview of the field and defining certain key terms. Also, they look at the difficulties that machine learning technology poses as well as potential effects on CPA firms and their personnel.

It is a crucial component of artificial intelligence (AI), which was founded on the hypothesis that machines might be trained to learn in ways akin to those used by humans. While the concept of machine learning has been known for decades, humans are just now starting to understand its dynamic capabilities. Machine learning has become an important part of contemporary life as a result of the abundance of data, which is mostly attributable to the development of the Internet as well as improvements in computer processing power and data storage. 

Machine learning is frequently used in applications like spam filters for email and credit monitoring software, as well as the news feed and targeted advertising features offered by internet giants like Facebook and Google.


Adarsh R
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