Audit software

The standard reflects the many changes in technology, communications and business practices since an interim standard was first adopted decades ago.

Despite over two decades of experience, complying with the Sarbanes-Oxley Act of 2002 doesn't seem to be getting any easier for audit and finance leaders.

Even without formal standards, professionals are still finding ways to examine and test AI.

Internal controls evaluation, fraud detection and compliance monitoring are among the uses for the technology, according to a new report.

The board wants to address the greater use of technology by auditors, especially when it comes to analyzing information in electronic format.

PwC recently announced a $1 billion investment to expand and scale its AI offerings to help clients reimagine their businesses.

The firm is investing $1 billion in artificial intelligence technology, geospatial technology, predictive analytics, virtual reality and more.

MindBridge's statistical, machine learning and rules-based analytics technology will be incorporated into the Big Four firm's audit platform, Clara.

The new series will highlight software developers and others who are pioneering new tools for accountants who are hungry for efficiency gains and added value.