AI Use Case

Predict potential risks in financial audit process

Predict potential issues in the audit process by assessing and cross-correlating financial data, seeking out potential discrepancies and highlighting potential risks. Typically this would act as an initial triage approach allowing expensive audit personnel to focus on key areas and higher value tasks.

Function

Finance

Audit

Benefits

Risk reduction - Spot issue (eg copyright infringement),Operational Support - Issue triage,Cost - Staff efficiency

Case Studies

Kingston Smith~Kingston Smith automates financial auditing by analysing transaction data against users and vendors and identify risk using machine learning

Industry

Professional Services

Consultancy And Business Services

Data Sets

Structured / Semi-structured,Text

AI Technologies

Potential Vendors

MindBridge