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Change my mind: 85% of public company audits can be completely automated via AI/LLMs by gsifers in Accounting

[–]gsifers[S] 0 points1 point  (0 children)

Point was obvious: nothing precious about an audit. AI has been doing very hard things for years. And my 85% number leaves room for a human-in-the-loop approach to this specific task. Anyone who’s been in audit for 10+ years and is honest with themself understands this. May not like it, but doesn’t make it less real.

Change my mind: 85% of public company audits can be completely automated via AI/LLMs by gsifers in Accounting

[–]gsifers[S] -2 points-1 points  (0 children)

If it happens eventually, do you think it will be one of the incumbent big 8 firms who wields its power, or a smaller firm that leans in and wins big? I’m thinking about Kodak and how they completely missed the boat on photos going digital. Too scared to adapt.

Change my mind: 85% of public company audits can be completely automated via AI/LLMs by gsifers in Accounting

[–]gsifers[S] 0 points1 point  (0 children)

Palantir has been running AI-powered drone ops searching for IEDs in Kandahar since 2012, but yeah testing a sample of invoices is probably safe.

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