<s>
Artificial	B-Application
intelligence	I-Application
is	O
used	O
by	O
many	O
different	O
businesses	O
and	O
organizations	O
.	O
</s>
<s>
Expert	B-Application
systems	I-Application
were	O
first	O
designed	O
in	O
the	O
1970s	O
as	O
an	O
expansion	O
into	O
artificial	B-Application
intelligence	I-Application
technologies	O
.	O
</s>
<s>
Information	O
regarding	O
rules	O
,	O
practices	O
,	O
and	O
procedures	O
in	O
the	O
form	O
of	O
"	B-Language
if-then	I-Language
"	I-Language
statements	I-Language
are	O
implemented	O
into	O
the	O
programming	B-Application
of	O
the	O
system	O
.	O
</s>
<s>
Expert	B-Application
systems	I-Application
will	O
generally	O
not	O
operate	O
properly	O
when	O
the	O
common	O
procedures	O
for	O
a	O
specified	O
situation	O
are	O
ambiguous	O
due	O
to	O
the	O
need	O
for	O
well-defined	O
rules	O
.	O
</s>
<s>
Implementation	O
of	O
expert	B-Application
systems	I-Application
in	O
accounting	O
procedures	O
is	O
feasible	O
in	O
areas	O
where	O
professional	O
judgment	O
is	O
required	O
.	O
</s>
<s>
Situations	O
where	O
expert	B-Application
systems	I-Application
are	O
applicable	O
include	O
investigations	O
into	O
transactions	O
that	O
involve	O
potential	O
fraudulent	O
entries	O
,	O
instances	O
of	O
going	O
concern	O
,	O
and	O
the	O
evaluation	O
of	O
risk	O
in	O
the	O
planning	O
stages	O
of	O
an	O
audit	O
.	O
</s>
<s>
The	O
processes	O
involved	O
with	O
analyzing	O
financial	O
data	O
in	O
continuous	O
auditing	O
can	O
include	O
the	O
creation	O
of	O
spreadsheets	B-Application
to	O
allow	O
for	O
interactive	O
information	O
gathering	O
,	O
calculation	O
of	O
financial	O
ratios	O
for	O
comparison	O
with	O
previously	O
created	O
models	O
,	O
and	O
detection	O
of	O
errors	O
in	O
entered	O
figures	O
.	O
</s>
<s>
The	O
ability	O
of	O
machine	O
learning	O
and	O
deep	B-Algorithm
learning	I-Algorithm
to	O
swiftly	O
and	O
effectively	O
sort	O
through	O
vast	O
volumes	O
of	O
data	O
in	O
the	O
forms	O
of	O
various	O
documents	O
relevant	O
to	O
companies	O
and	O
documents	O
being	O
audited	O
makes	O
them	O
applicable	O
to	O
the	O
domains	O
of	O
audit	O
and	O
fraud	O
detection	O
.	O
</s>
<s>
Working	O
with	O
IBM	O
's	O
Watson	B-Application
,	O
Deloitte	O
is	O
developing	O
cognitive-technology-enhanced	O
commerce	O
arrangements	O
for	O
its	O
clients	O
.	O
</s>
<s>
Ernst	O
and	O
Young	O
(	O
EY	O
)	O
connected	O
Al	O
to	O
the	O
investigation	O
of	O
lease	B-Operating_System
contracts	O
.	O
</s>
<s>
The	O
firm	O
has	O
propelled	O
the	O
use	O
of	O
AI	B-Application
computer	O
vision	O
to	O
empower	O
clients	O
to	O
monitor	O
stock	O
amid	O
the	O
auditing	O
process	O
.	O
</s>
<s>
Collaborating	O
with	O
H20.ai,	O
PwC	O
developed	O
an	O
Al-enabled	O
framework	O
(	O
GL.ai	O
)	O
capable	O
of	O
analyzing	O
reports	O
and	O
preparing	O
reports	O
.	O
</s>
<s>
Working	O
with	O
Microsoft	O
and	O
IBM	B-Application
Watson	I-Application
,	O
KPMG	O
is	O
creating	O
instruments	O
to	O
coordinate	O
Al	O
,	O
data	B-General_Concept
analytics	I-General_Concept
,	O
Cognitive	B-General_Concept
Technologies	I-General_Concept
,	O
and	O
RPA	O
.	O
</s>
<s>
Proponents	O
of	O
artificial	B-Algorithm
intelligence	I-Algorithm
in	I-Algorithm
fraud	I-Algorithm
detection	I-Algorithm
have	O
stated	O
that	O
these	O
traditional	O
methods	O
are	O
inefficient	O
and	O
can	O
be	O
more	O
quickly	O
accomplished	O
with	O
the	O
aid	O
of	O
an	O
intelligent	O
computing	O
system	O
.	O
</s>
<s>
A	O
survey	O
of	O
400	O
chief	O
executive	O
officers	O
created	O
by	O
KPMG	O
in	O
2016	O
found	O
that	O
approximately	O
58%	O
believed	O
that	O
artificial	B-Application
intelligence	I-Application
would	O
play	O
a	O
key	O
role	O
in	O
making	O
audits	O
more	O
efficient	O
in	O
the	O
future	O
.	O
</s>
<s>
Supporters	O
of	O
artificial	B-Application
intelligence	I-Application
being	O
used	O
in	O
financial	O
audits	O
have	O
claimed	O
that	O
increased	O
risks	O
from	O
instances	O
of	O
higher	O
data	B-General_Concept
interpretation	I-General_Concept
can	O
be	O
minimized	O
through	O
such	O
technologies	O
.	O
</s>
<s>
Artificial	B-Application
intelligence	I-Application
has	O
been	O
used	O
to	O
interpret	O
data	O
and	O
suggest	O
materiality	O
thresholds	O
to	O
be	O
implemented	O
through	O
the	O
use	O
of	O
expert	B-Application
systems	I-Application
.	O
</s>
<s>
Those	O
in	O
favor	O
of	O
using	O
artificial	B-Application
intelligence	I-Application
to	O
complete	O
investigations	O
of	O
fraud	O
have	O
stated	O
that	O
such	O
technologies	O
decrease	O
the	O
amount	O
of	O
time	O
required	O
to	O
complete	O
tasks	O
that	O
are	O
repetitive	O
.	O
</s>
<s>
The	O
audit	O
firm	O
Ernst	O
&	O
Young	O
has	O
posited	O
these	O
claims	O
by	O
declaring	O
that	O
their	O
deep	B-Algorithm
learning	I-Algorithm
systems	O
have	O
been	O
used	O
to	O
reduce	O
time	O
spent	O
on	O
administrative	O
tasks	O
by	O
analyzing	O
relevant	O
audit	O
documents	O
.	O
</s>
<s>
Artificial	B-Application
intelligence	I-Application
is	O
very	O
new	O
.	O
</s>
<s>
One	O
specific	O
problem	O
with	O
artificial	B-Application
intelligence	I-Application
in	O
auditing	O
is	O
the	O
need	O
for	O
the	O
extensive	O
collection	O
of	O
data	O
;	O
a	O
large	O
dataset	O
is	O
needed	O
.	O
</s>
<s>
Any	O
firm	O
that	O
is	O
planning	O
on	O
implementing	O
an	O
AI	B-Application
system	O
to	O
detect	O
fraud	O
must	O
hire	O
a	O
team	O
of	O
data	O
scientists	O
,	O
along	O
with	O
upgrading	O
their	O
cloud	O
system	O
and	O
data	B-General_Concept
storage	I-General_Concept
as	O
well	O
.	O
</s>
<s>
It	O
is	O
a	O
very	O
large	O
initial	O
investment	O
,	O
but	O
when	O
the	O
investment	O
is	O
made	O
by	O
the	O
company	O
and	O
the	O
data	O
scientists	O
invest	O
in	O
the	O
work	O
they	O
do	O
,	O
you	O
should	O
save	O
yourself	O
a	O
lot	O
of	O
money	O
because	O
you	O
will	O
never	O
have	O
to	O
pay	O
a	O
robot	B-Algorithm
to	O
detect	O
fraud	O
.	O
</s>
<s>
You	O
may	O
need	O
people	O
to	O
help	O
build	O
the	O
robot	B-Algorithm
,	O
but	O
over	O
time	O
the	O
costs	O
will	O
minimize	O
.	O
</s>
<s>
Data	B-General_Concept
analytics	I-General_Concept
is	O
a	O
new	O
science	O
at	O
many	O
companies	O
,	O
and	O
firms	O
are	O
heavily	O
researching	O
it	O
to	O
analyze	O
their	O
business	O
as	O
a	O
whole	O
and	O
find	O
where	O
they	O
can	O
improve	O
.	O
</s>
<s>
Data	B-General_Concept
analytics	I-General_Concept
tells	O
the	O
story	O
of	O
a	O
business	O
through	O
numbers	O
.	O
</s>
<s>
The	O
discipline	O
of	O
data	B-General_Concept
analytics	I-General_Concept
is	O
expanding	O
rapidly	O
.	O
</s>
