Tom McLeod, you raise many pertinent questions about the role that AI plays in the development of knowledge based industries, specifically audit

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Tom McLeod, you raise many pertinent questions about the role that AI plays in the development of knowledge based industries, specifically audit today and going forward. It is a game changer for the audit industry.Through our own work in cyber audit, we have demonstrated at least a 40% reduction in time to complete audits, a percentage that increases continually. Through improvements in the evaluation of artefact persuasiveness, audit quality and risk reduction to AI audit reasoning, writing audit assurance report conclusions and making recommendations on further audit evaluation. We’ve taken audit processes that can take a day to complete, down to less than an half an hour to evaluate scope, artefact persuasiveness, audit quality and issue an audit finding report.Our US audit partner agrees with us that AI will create significant opportunities and challenges for audit. To the extent that they will have a profound impact on the audit profession, as a knowledge profession.Adapt or wither?Faisal Khan#artificalintelligence

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