A financial audit is a chance for your business to double-check your books for accuracy and proper documentation of expenses. Consider it the company version of "making a list and checking it twice." ...

Publicly held companies, or private companies that apply for credit, must have routine audits of financial transactions conducted. Outside agencies, not affiliated with the company, perform these ...

Most enterprises that don’t use artificial intelligence only audit up to 10 percent of their spending, while companies that do use AI are able to audit virtually all their invoices, contracts and ...

Forbes contributors publish independent expert analyses and insights. Melissa Houston covers financial issues that affect women in business. Managing expenses is a crucial aspect of maintaining ...

Typically, companies only audit up to ten per cent of their employees’ expenses, due to the vast number of work hours auditing expenses takes. With this in mind, the value of an AI-powered platform ...

SAP Concur is adding a new auditing capability to Concur Expense that checks all expense reports for potential issues and irregularities. Dubbed Verify, the tool uses artificial intelligence models ...

The reliance on statistical sampling is becoming an outdated risk in a data-rich world. UK audit firms must transition to full-population testing and continuous assurance, shifting the auditor's role ...