AI Applications in Accounting: A Deeper Dive
Audit and Assurance Risk Assessment: AI can analyze vast datasets to identify potential risks and anomalies in financial statements. Continuous Auditing: AI-powered tools can monitor financial data in real-time, enabling continuous auditing and early detection of irregularities. Fraud Detection: AI algorithms can learn to recognize patterns associated with fraudulent activities, such as unusual transactions or […]
The Potential of AI in the GCC: Unlocking Economic Growth and Overcoming Adoption Challenges
Artificial Intelligence (AI) holds vast potential for the Gulf Cooperation Council (GCC) countries, with the capability to deliver up to $150 billion in value, equivalent to 9 percent or more of the combined GDP of these nations. Despite the transformative potential, the speed of AI adoption varies across sectors, and several challenges need to be […]