MAXIMIZE ACCURACY AND REDUCE YOUR AUDIT RISK WITH AI

Our AI in Auditing Solutions leverages advanced visualizations and a data-driven task management system, to offer in-depth analysis of data. Today’s complex auditing challenges require a blended approach to advanced analytics and data science combined with sensible business rules as per the needs of every industry. We help businesses by bringing AI in Auditing where the machine learning model learns over time what a includes transaction looks like. Then it uses the underlying model to assign a risk score to each transaction so that it can bring forward the ones that deserve the most attention.

We leverage AI in Auditing Solutions to deliver customized real-time auditing software solutions. Our solutions help to deploy centralized analysis, Corrective and Preventative Actions (CAPA) management tools, and database driven reports. Our tailored accounting ML solutions encourage and facilitate data exploration to present the analysis and bring detailed risk ratings.

Audit planning and scheduling can be covered by OSP’ with machine learning in auditing. For every specific audit documentation, an appropriate framework is available. The system manager can leverage the reports and reviews offered by machine learning model while minding the gaps in the previous audits to craft the new engagement’s risk and control matrix. Our AI in Auditing Solutions includes calendar integration, risk assessment tools, cost estimators, task assignment, time/frequency-based controls, audit resource management, and more with responsive UI.

OSP’ accounting ML solutions are designed aptly to apply industry standard encryption technology and regulatory protocols. The data of each client is separately stored securely. The auditing data is accessible only to those having been granted permission. With a powerful and intuitive interface offers role-based access control with stringent security measures.

Data sampling is one of the crucial steps in an auditing process. It helps to determine material misstatements in financial statements. In the ideal situation, the human auditor would examine every transaction to determine material misstatements. Although this is not feasible for an auditor, our accounting AI solutions can assess every transaction to determine the most anomalous transactions to provide special auditory attention. We apply artificial intelligence in accounting to sort through the given accounting data and select the highest risk items. It pinpoints the entries you should investigate first based on your methodology and policy.

Our advanced accounting ML solutions have the potential to meet and exceed the requirements of CAS 240 and create value for your clients. We customize artificial intelligence in accounting solution leverage AI and machine learning combined with traditional control points to analyze each general ledger entry. It can provide a risk-based report of anomalies for your audit analysis. We believe in the analysis of 100% of transactions and not just sampling of data.