Question: 2. (LO 11.2, 11.3) AI can develop a personal network for banking customers (specifically, all the entities associated with a customer) to help identify potential

2. (LO 11.2, 11.3) AI can develop a personal network for banking customers (specifically, all the entities associated with a customer) to help identify potential money laundering.

When conducting a financial statement audit of a company, auditors want to ensure that the financial transactions are valid, recorded accurately, and are between independent, non-related parties. How could auditors use AI to help them audit the transactions?

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