{"id":4626,"date":"2023-11-02T17:24:25","date_gmt":"2023-11-02T17:24:25","guid":{"rendered":"https:\/\/icertpublication.com\/?page_id=4626"},"modified":"2023-11-03T03:54:20","modified_gmt":"2023-11-03T03:54:20","slug":"ai-in-auditing-a-comprehensive-review-of-applications-benefits-and-challenges","status":"publish","type":"page","link":"https:\/\/icertpublication.com\/index.php\/shodh-sari-2\/sodha-sari-vol-2-issue-4\/ai-in-auditing-a-comprehensive-review-of-applications-benefits-and-challenges\/","title":{"rendered":"AI in Auditing: A Comprehensive Review of Applications, Benefits and Challenges"},"content":{"rendered":"\t\t
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AI in Auditing: A Comprehensive Review of Applications, Benefits and Challenges<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Ganapathy, Venkatasubramanian\u00a0<\/span><\/p>

Faculty in Auditing Department,\u00a0<\/span><\/p>

Southern India Regional Council of the Institute of Chartered Accountants of India (SIRC of ICAI),\u00a0<\/span><\/p>

Chennai, Tamil Nadu, India<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Abstract\n<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The rapid evolution of artificial intelligence (AI) technologies has brought about transformative changes in various industries, and the field of auditing is no exception. This research paper presents a comprehensive review of the integration of AI in auditing practices, highlighting its applications, benefits, and associated challenges. Auditing, a critical process for ensuring the accuracy and reliability of financial information, has traditionally been a labor-intensive and time-consuming endeavor. The emergence of AI technologies, such as machine learning, natural language processing, and data analytics, has revolutionized the way audits are conducted. AI-powered auditing tools offer advanced capabilities for data analysis, pattern recognition, anomaly detection, and risk assessment. These capabilities enhance the effectiveness and efficiency of audits by allowing auditors to focus on high-risk areas and perform more in-depth analysis. The paper explores various applications of AI in auditing, including: Automated Data Analysis, Predictive Analytics, Fraud Detection, and Natural Language Processing (NLP), Continuous Monitoring. While AI brings significant benefits to the auditing process, its adoption also presents certain challenges like Data Quality and Integration, Interpretability, Ethical Considerations, Technical Expertise, Regulatory Frame Work. In conclusion, AI has the potential to revolutionize auditing practices by enhancing efficiency, accuracy, and risk assessment. However, successful integration requires addressing challenges related to data quality, transparency, ethics, skills, and regulations. As AI technologies continue to evolve, auditors and stakeholders must collaborate to harness the full potential of AI while maintaining the integrity and credibility of the auditing process. This paper serves as a comprehensive resource for auditors, researchers, and policymakers seeking to understand the current landscape and future directions of AI in auditing.<\/span><\/p>

Keywords:<\/b> Artificial Intelligence, (AI), Auditing, Deep Learning, Predictive Analytics, Fraud Detection, Natural Language Processing (NLP).<\/span><\/i><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Impact Statement<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The research paper on AI in Auditing presents a comprehensive review of applications, benefits, and challenges in the realm of artificial intelligence. This pioneering study delves into the transformative impact of AI technologies on auditing practices, elucidating diverse applications ranging from automated data analysis to anomaly detection. By meticulously analyzing the benefits, the paper highlights how AI optimizes auditing processes, ensuring greater accuracy, efficiency, and risk mitigation. Moreover, it explores the challenges associated with integrating AI, including ethical considerations, data security, and human-AI collaboration. This research not only enriches academic discourse but also offers invaluable insights for auditing professionals and policymakers. By bridging theoretical frameworks with real-world applications, this paper lays the foundation for a future audit landscape where AI is seamlessly integrated, revolutionizing the industry and ensuring audit quality in an increasingly complex digital world.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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About The Author<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Career Objective:<\/b><\/p>

Career Growth in the teaching profession with academic excellence and pursuit of further qualifications and Research.<\/span><\/p>

\u00a0<\/p>

Academic Profile:\u00a0\u00a0\u00a0<\/b><\/p>

Title\u00a0<\/b><\/p><\/td>

Institution<\/b><\/p><\/td>

Class\/Grade\u00a0<\/b><\/p><\/td>

Year\u00a0<\/b><\/p><\/td><\/tr>

M.Phil. (Commerce)<\/b><\/p><\/td>

University of Madras, The Quaide Milleth\u00a0<\/span><\/p>

\u00a0College for Men, Medavakkam, Chennai<\/span><\/p><\/td>

I Class\u00a0<\/span><\/p><\/td>

2015-2016<\/span><\/p><\/td><\/tr>

B.Ed.<\/b><\/p><\/td>

IGNOU (Distance Mode)\u00a0<\/span><\/p><\/td>

I class\u00a0<\/span><\/p><\/td>

Dec 2009<\/span><\/p><\/td><\/tr>

M.Com.<\/b><\/p><\/td>

Annamalali University( Distance Mode)<\/span><\/p><\/td>

I Class\u00a0<\/span><\/p><\/td>

May 1995\u00a0<\/span><\/p><\/td><\/tr>

D.P.C.S (Data Preparation and Computer Software)<\/b><\/p><\/td>

NCVT Course at Sri Ramakrishna Mission Computer Centre, Chennai<\/span><\/p><\/td>

I Class<\/span><\/p><\/td>

April 1993<\/span><\/p><\/td><\/tr>

B.Com<\/b><\/p><\/td>

Bharathidasan University, St. Joseph\u2019s College (Autonomous) Trichy.<\/span><\/p>

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/p><\/td>

I Class<\/span><\/p><\/td>

April 1990<\/span><\/p><\/td><\/tr><\/tbody><\/table>

\u00a0<\/p>

Participation\u00a0 \u00a0 \u00a0 : \u00a0 \u00a0 \u00a0 MOOC COURSE: 06;<\/b><\/p>

\u00a0<\/p>

AICTE-ATAL FDP: 06<\/b><\/p>

AICTE-STTP: 02,<\/b><\/p>

AICTE-ISTE: 01;<\/b><\/p>

ARMY INSTITUTE OF TECHNOLOGY: FDP 01;<\/b><\/p>

\u00a0<\/p>

Amazon Web Service Program (AWP): 10;<\/b><\/p>

Google Applied Skills: 01;<\/b><\/p>

Great Learning Academy: 01<\/b><\/p>

\u00a0<\/p>

Capacity Building Program (CBP): 03;<\/b><\/p>

UGC-STRIDE Program: 01;<\/b><\/p>

UGC- HRDC: 06;<\/b><\/p>

\u00a0<\/p>

REFRESHER PROGRAM (Under the aegis of \u00a0 Ministry of Education with PMMMNMT): Commerce \u2013 Grade \u2018A\u2019<\/b><\/p>

\u00a0<\/p>

Faculty Development Program (FDP):36;<\/b><\/p>

Faculty Knowledge Sharing Program: 01;<\/b><\/p>

Management Development Program: 01;<\/b><\/p>

On-Line Course: 01<\/b><\/p>

\u00a0<\/p>

National Conference: 10,\u00a0<\/b><\/p>

International Conference: 07;<\/b><\/p>

\u00a0<\/p>

National Webinars: 250;\u00a0<\/b><\/p>

International Webinars: 330;<\/b><\/p>

\u00a0<\/p>

Paper Presentation (National) 01;<\/b><\/p>

Paper Presentation (International) 03;<\/b><\/p>

\u00a0<\/b><\/p>

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Dissertation \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 : <\/b>\u00a0\u00a0\u00a0CSR in the Health Care Industries (With Special Reference to the\u00a0<\/span><\/p>

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/b>Multi-specialty Hospitals in Chennai Region).<\/span><\/p>

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Paper Presentation at National Conference:<\/b><\/p>

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S.NO<\/b><\/p><\/td>

\u00a0 \u00a0 CONFERENCE<\/b><\/p><\/td>

PAPER PRESENTATION<\/b><\/p><\/td>

COLLEGE\/UNIVERSITY<\/b><\/p><\/td>

MODE\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/b><\/p><\/td><\/tr>

\u00a0 1<\/span><\/p><\/td>

UGC Sponsored National Conference on Make in India-Opportunities and Challenges for Indian Industries<\/span><\/p><\/td>

Corporate Social Responsibilities and Rural Development<\/b><\/p><\/td>

The Quaide Milleth College for Men, Medavakkam, Chennai, Tamil Nadu, India<\/span><\/p><\/td>

Physical Mode<\/span><\/p>

07-01-2016<\/span><\/p><\/td><\/tr><\/tbody><\/table>





<\/p>

Paper Presentation at International Conference:<\/b><\/p>

\u00a0<\/p>

01<\/span><\/p><\/td>

3rd Doctoral Research International Conference on \u2018Social Sciences, Humanities, and Interdisciplinary Research<\/span><\/p><\/td>


CSR in Health Care Industries \u2013 With New Dimensions<\/b><\/p><\/td>


North-Eastern Hill University (NEHU), Shillong, Meghalaya, India.<\/span><\/p><\/td>

Online Mode<\/span><\/p>

30-03-2022<\/span><\/p><\/td><\/tr>

02<\/span><\/p><\/td>

One day International Multidisciplinary Conference on \u2018Changing Global Dynamics in Law, Social Science, Science and Engineering<\/span><\/p><\/td>


AI in Auditing : A Comprehensive Review of Applications, Benefits and Challenges<\/b><\/p><\/td>


PGDAV College (Evening) University of Delhi, India, Jointly organized by\u00a0<\/span><\/p>

International Council for Education, Research and Training <\/span>(ICERT)\u00a0<\/b><\/p><\/td>

Physical mode<\/span><\/p>

13-09-2023<\/span><\/p><\/td><\/tr>

03<\/span><\/p><\/td>

Recent Transformations in Social Sciences, Management, Science and Engineering<\/span><\/p><\/td>


Recent Advances and Applications of Deep Learning in the Accounting Profession<\/b><\/p><\/td>


Jawaharlal Nehru Rajkeeya Mahavidyalaya (Government College), <\/span>Port Blair, Andaman and Nicobar Islands, India <\/b>in association with International Council for Education, Research and Training <\/span>(ICERT)<\/b><\/p><\/td>

Physical Mode<\/span><\/p>

From 29-09-2023 to 01-10-2023<\/span><\/p><\/td><\/tr><\/tbody><\/table>

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Professional Qualification:<\/b> ICWA \u2013 INTER \u2013 Gr-II <\/b>\u2013 Dec. 1993<\/span><\/p>

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Academic Experience: (18+ Years)<\/b><\/p>


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