The Role of Artificial Intelligence in Public Sector Auditing Missions: Challenges and Future Perspectives

Abstract

Nowadays, Artificial Intelligence role is rapidly increased in various industries, even in audit. In audit missions, machine learning, natural language processing (NLP), and data analytics, as AI technologies are becoming more efficient, accurate and comprehensive. In external audit missions, by improving efficiency, accuracy and reliability, the integration of Artificial Intelligence is changing the audit process. As external audits play a crucial role in ensuring financial transparency, compliance, and public trust the role of AI is becoming more and more important. The role of AI in automating processes has expanded due to improvements in data processing capabilities, automating tasks, detecting fraud, and providing insights into risk management.

Through this study, we aim to show how various applications of AI technologies such as e.x machine learning (ML), natural language processing (NLP) also robotic process automation (RPA) are  applied in external audit processes. The paper identifies the key areas where AI is enhancing the audit process, by examining some of the key issues addressed in an audit mission

CONFLICT OF INTEREST

The authors declare no conflict of interest.

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