Question: Artificial intelligence and machine learning applications are becoming increasingly prevalent in the industry of auditing. Which of the following statements is most accurate with regard
Artificial intelligence and machine learning applications are becoming increasingly prevalent in the industry of auditing. Which of the following statements is most accurate with regard to the availability of this technology in the future? It is likely that over time, even smaller CPA firms will be able to leverage this type of technology in audits. Due to the prohibitive cost of these types of applications and systems, it is most likely that only large auditing firms will be able to employ them. It is most likely that the big accounting firms will compete with each other for this technology, driving up the cost. It is likely that standard-setting agencies and authoritative bodies will mandate use of this technology for publicly-traded firms
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