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AI algorithms ensure data accuracy and readiness for review Seamless integration of transaction information from diverse sources into the ERP, facilitating accurate and timely payments. Automated expense recognition and classification, reducing manual dataentry and GL coding efforts. Sources: [link] [link] 5.
The 2012 AuditNet Audit Use of Technology Survey showed that while data analysis software was the most widely used category of audit software, a substantial number of auditors employed these tools on an ad hoc or not-at-all basis. AI algorithms ensure data accuracy and review readiness.
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