Ernst & Young has injected artificial intelligence into its audit teams’ risk assessments—pulling in industry analysis, media coverage, and more for its 150,000 audits worldwide.
The technology update was among 20 improvements the firm rolled out over the past year to its global audit teams thanks to an infusion of $1 billion meant to help accountants better uncover anomalies and spot trends. Other updates linked more powerful data analysis tools to the firm’s main audit platform, the firm’s global arm said Wednesday.
“We see it as very much an enhancement of ...
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