Does anyone have examples of any audit clients who uses AI in any in-scope accounting/reporting areas? If so, how are you auditing the information or process?

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Don’t you have some internal experts at KPMG who can guide you and your clients in emerging areas?

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EY2 that’s exactly what I was thinking. So many companies think it’s going to revolutionize every industry and they’ve invested so much money and I haven’t seen any real results yet.

I haven’t seen anything in financial reporting yet, only operations

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I had a client give us narratives that they got from ChatGPT and they were complete garbage. I flipped them back and kept on open items list.

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Haha sounds about right. I used to work with a senior who would either send one sentence emails or 3 full paragraph emails that made absolutely no sense. I could tell it was chatGPT

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