Rachel Laws, Corporate Manager, was invited to join the guest panel on AccountingWEB Talks online webinar which addressed the 'Implications of AI in accounting'.
The session identified the AI tools that are infiltrating the profession along with the strengths and weaknesses which affect accounting.
AI is becoming rooted in realistic notion of Auditing and Rachel explains how this benefits employees as well as clients.
Rachel said, "The main challenges are getting people on board with the change. The audit methodology has been the same way for decades, so getting people to embrace the change is difficult. [Using the AI audit tool] makes an interesting read not only for us but also the client and helps us to understand their business in a way that we wouldn't necessarily have been able to before."