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Continuous Auditing is Dead... Long Live Autonomous Audit: The Rise of the Agentic AI Auditor in a Digital Twin World The audit world is dancing to a new tune! ???? Continuous auditing, while groundbreaking, is making way for the rise of autonomous audit, powered by the dynamic duo of digital twins and agentic AI. Think of it like this: Digital twin: A virtual stage mirroring your business in real-time. Agentic AI: The virtuoso performer, analyzing, predicting, and orchestrating solutions. This powerful partnership brings: Unprecedented scalability Objective analysis Proactive risk prevention But it's not just about the tech. Human auditors remain vital, collaborating with AI to: Set strategic objectives Interpret complex findings Build trust with stakeholders The result? A harmonious symphony of assurance, where efficiency, accuracy, and proactivity take center stage. ?? Challenges? Of course! But the potential rewards are immense. Are you ready to embrace the future of audit? #audit #AI #digitaltwin #futureofwork #innovation #technology Want to learn more? Check out https://lnkd.in/gUnSRRe4 for a deeper dive into this exciting evolution in audit!

The Growing Importance of Financial Wellness and Employee Benefits A recent?study by PwC?found 57% of employees say finances are the top cause of stress in their lives. While employers often can’t solve all of the problems that lead to financial stress, there are things we can do as organizations—and as leaders and managers—to begin to elevate the importance of financial wellness in the workplace and begin to normalize conversations about it, much as we have other aspects of employee well-being. For more information please visit www.aqcomply.com #FinancialWellness #EmployeeBenefits #Audit #USA #aqcomply

Emerging Risks In The Digital Age And Their Auditing Implications Emerging technologies can create fantastic potential and efficiency for a firm, but they also present new difficulties. For auditors, management, and audit committees to effectively carry out their separate duties, it is crucial that they have a working knowledge of these evolving technologies and are aware of both the advantages and threats that they pose to financial reporting. For more information please visit www.aqcomply.com #Risk #DigitalAge #Auditing #Implications #audit

Virtual and augmented reality in audit fieldwork Nowadays, augmented reality (AR) is most often used to show information that's super close to the real world. This is also the case in finance, accounting, and auditing. Researchers have used AR and VR to spot a lot of potential risks that can go unnoticed when looking at documents. For more information, please visit www.aqcomply.com hashtag #aqcomply #usa #dataanalytics #compliance #analytics #audit

Bard vs Chat GPT vs other AI generative tools Generative AI solutions have been gaining popularity in recent years, as they can automatically generate high-quality text, speech, and images that resemble human ones. These solutions can be used for various purposes, such as content creation, customer service, education, and entertainment. However, not all generative AI solutions are created equal, and it can be challenging to determine which one is the best for your specific use case. For more information please visit www.aqcomply.com #ChatGPT #solutions #service #generativeAI

Automation of controls testing in IT systems Organizations are experiencing a paradigm shift as they tap into the potential of automation for controls testing in their IT systems. Discover how this game-changing technology is streamlining processes, enhancing accuracy, and empowering businesses to proactively manage risk. For more information please visit www.aqcomply.com #Automation #testing #ITsystems #businesses #risk #audit

The Role of Explainable AI in Building Trust and Transparency Explainable AI (XAI) refers to the development of artificial intelligence systems that can provide transparent and understandable explanations of decision-making processes. This addresses the “black box” problem of traditional AI models, where the decision-making process is opaque and difficult to interpret. XAI increases transparency and interpretability, allowing businesses to gain insight into AI algorithms, understand the reasoning behind decisions, and build trust in AI systems. Here, we explore the concept of XAI and highlight its potential benefits for businesses. For more information please visit www.aqcomply.com #XAI #ai #development #transparency #businesses #benefits #potential #algorithms #reasoning #aqcomply

Cloud computing security and auditing considerations The cloud is the new normal for businesses of all sizes. The cloud offers many advantages such as cost efficiency, scalability and flexibility. But the cloud also contains some security issues. Regular assessment of the security of the cloud environment and the data it contains is important for several reasons. For more information please visit www.aqcomply.com #Cloudcomputing #businesses #flexibility #environment

The Future of Internal Auditing: Skills and Competencies Needed. As organizations push the boundaries of disruption, internal audit functions are evolving their approaches to not only provide assurance to stakeholders but also advise on important business issues and better risk prediction. Are you ready for the future of internal audit? For more information, please visit www.aqcomply.com #internalaudit #future #stakeholders #business #risk #assurance #aqcomply

Real-time Payment Systems: The Future of Transactions. Real-time payments are revolutionizing the way we think about money and how it moves. It is no longer a futuristic concept but a reality that is shaping the future of the payments industry as we know it. The ability to transfer money and make payments instantly, with near real-time confirmation, can bring huge benefits to?consumers, businesses and the entire economy. For more information, please visit www.aqcomply.com #accounting #cloud #audit #software #timeconsuming #accuracy #finance #aqcomply