Technology has the power to enhance audit quality and efficiency. Lesley Meall explains the risks and explores some of the possibilities with the greatest potential.
Features and articles
In the future, chartered accountants will have an increasingly vital role to play in ensuring that societies across the world have access to reliable, fact-based information.
Lucy Ingham considers the effect of artificial intelligence on the world of financial services.
With COP26 taking place in Glasgow later in 2021, Kirstin Gillon examines how businesses can disclose climate-related risks, align their digital strategies with these concerns and meet evolving net-zero targets.
Robotic process automation (RPA) can save organisations' time, with tasks performed with higher speed and accuracy, as well as removing the risk of human error. However, it is not suitable for all processes and, in some cases, could act as a sticking plaster for a system that needs to be re-engineered.
There has never been a more exciting time to explore the transformative potential of technology in relation to audit. Tech advances are helping to improve the performance of audit, making it more insightful and informing better conversations in audit teams and with clients.
Cognitive and automation technologies such as artificial intelligence (AI) have drawn a great deal of interest, but also concern about the potential for bias and misuse. ICAEW’s Tech Faculty examines the risks associated with the adoption of emerging technology and how these risks can be tackled through internal controls and assurance.
The Corporate Finance Faculty and Drooms have published the world’s first research about the role of artificial intelligence in deals.
Webinars and recordings
This webinar from the Business and Management Faculty will explore business resilience and getting it right.
There is a lot of hype about AI at the moment, but to what extent are accountants really making use of AI?
Disclaimer: The opinions expressed by external guest speakers in interviews or other publications included on this website are, by their nature, those of the speaker. They are not necessarily fully endorsed by the ICAEW or purport to reflect the official policies and views of the ICAEW or its members.
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Article discusses how you can get more from your use of Artificial Intelligence in marketing where AI's abilities may not be being leveraged effectively.
Article discusses the UK’s Taskforce on Innovation, Growth and Regulatory Reform recommendation that safeguards against automated decision-making contained in the General Data Protection Regulation are scrapped as it hampers 'much needed progress'.
Article discusses GCHQ's investment in automated threat detection and response systems to meet rising threats against the UK. This uilises ethical AI that is unimpeded by historical bias ensures that the AI’s outcomes are fair and rational.
Deloitte's third edition of the survey of executives to their sentiments and practices regarding AI technologies.
See also the 2nd edition
Each year Deloitte publishes its Global Robotics Survey where it asks businesses around the world about their awareness and implementation of RPA.
Report from the FRC's Financial Reporting Lab which covers background on Artificial Intelligence (AI), what it is and how it has developed and some of the potential use cases that AI has for corporate reporting. Some actions for all those involved in corporate reporting are given as recommendations.
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