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Artificial intelligence: revolutionary changes in the field of professional services

12/ 03/ 2024
  Artificial intelligence (AI) is rapidly developing and revolutionizing various fields, including the field of professional services. Auditors, like other specialists, can benefit significantly from the implementation of AI in their work, so we picked up this topical topic and together with EBA Odesa held an event in an online format with BDO Ukraine expert Andriy Borenkov. Should we be afraid that AI will completely replace the auditor? This tool can be a powerful assistant, but it cannot replace human experience. Auditors will continue to play an important role in ensuring the reliability and validity of financial information. In turn, the benefits that can be obtained from the implementation of AI in work are as follows: ✅ Automation of time-consuming and repetitive tasks. ✅ Analysis of large volumes of data is much faster and more efficient. ✅ Exclusion of human errors, which can lead to a more accurate and reliable audit. ✅ Detection of fraud and other illegal actions, thanks to data analysis and search for suspicious patterns. ✅ Savings in audit costs. Here are a few resources that can be useful for both general use and accounting services: OpenAI (product – ChatGPT) is a universal chatbot based on GPT-4 with support for web search and integration. Microsoft (Copilot product family) is a universal chatbot based on GPT-4 and integrated components of Microsoft applications and their web services. OpenAI+Microsoft (OpenAI for Azure product) is a corporate solution for building your own secure chatbots in your own. Google (Gemini product) is a universal chatbot based on GPT-4 that has gone into public testing. Copilot for Sales – generative AI for Outlook and Microsoft Dynamics Sales. Copilot for Finance is a generative AI for working with finance. Important! This report was created with using partial AI 😊 We are sincerely grateful to BDO Ukraine for the professional expertise and practical cases of the company, which were provided for our business community.

Artificial intelligence (AI) is rapidly developing and revolutionizing various fields, including the field of professional services. Auditors, like other specialists, can benefit significantly from the implementation of AI in their work, so we picked up this topical topic and together with EBA Odesa held an event in an online format with BDO Ukraine expert Andriy Borenkov.

Should we be afraid that AI will completely replace the auditor? This tool can be a powerful assistant, but it cannot replace human experience. Auditors will continue to play an important role in ensuring the reliability and validity of financial information. In turn, the benefits that can be obtained from the implementation of AI in work are as follows:

✅ Automation of time-consuming and repetitive tasks.

✅ Analysis of large volumes of data is much faster and more efficient.

✅ Exclusion of human errors, which can lead to a more accurate and reliable audit.

✅ Detection of fraud and other illegal actions, thanks to data analysis and search for suspicious patterns.

✅ Savings in audit costs.

Here are a few resources that can be useful for both general use and accounting services:

OpenAI (product – ChatGPT) is a universal chatbot based on GPT-4 with support for web search and integration.
Microsoft (Copilot product family) is a universal chatbot based on GPT-4 and integrated components of Microsoft applications and their web services.
OpenAI+Microsoft (OpenAI for Azure product) is a corporate solution for building your own secure chatbots in your own.
Google (Gemini product) is a universal chatbot based on GPT-4 that has gone into public testing.
Copilot for Sales – generative AI for Outlook and Microsoft Dynamics Sales.
Copilot for Finance is a generative AI for working with finance.
Important! This report was created with using partial AI 😊

We are sincerely grateful to BDO Ukraine for the professional expertise and practical cases of the company, which were provided for our business community.

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