Table of Contents
Preface ix
Acknowledgments xiii
Part I: Foundations For AI and Audit
Chapter 1: Introduction: Staying Ahead of the Emergent Risk 3
Chapter 2: Fourth Industrial Revolution and Its Impact on Audit 23
Chapter 3: What is Artificial Intelligence? 37
Chapter 4: Rise of Machine Learning 51
Chapter 5: Machine Learning 69
Chapter 6: Building an IAA Audit Firm: The Planning Toolkit 103
Part II: Building the Automated Audit Function in the Enterprise
Chapter 7: Obtain, Retain, and Preplan with AI 119
Chapter 8: Automated Inherent Risk Assessment 147
Chapter 9: Automating Internal Controls Assessment 165
Chapter 10: Automated Procedures 189
Chapter 11: Reporting and Post-Audit Management 203
Part III: Forensic Accounting Automation
Chapter 12: Intelligent Automation of Fraud Detection 217
Chapter 13: Forensic Accounting 227
Chapter 14: Managing for Value and Valuation 241
Chapter 15: Tying It Together and Robots 251
Part IV: Management, Organization, and Governance For AI in Audit
Chapter 16: Client Management 265
Chapter 17: AI Organization and Project Management 275
Chapter 18: Governance and Ethics 283
Index 291