Ai in auditing

One example of a problem statement I’m considering tackling is automating risk assessment during the audit planning phase. By leveraging AI to analyze historical data, financial statements, and industry trends, the software could identify potential risks and red flags much more efficiently than manual methods, enabling CA firms to focus on areas that need the most attention.
I really want to dig deeper on this problem statement any advices are accepted

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Yes it can be possible, either using prompt engineering, or there are some short course here that can help with document feed to an LLM like I think Langchain!

@vamshiroy256 I don’t have a specific link off the top of my head, but I would look up ‘fraud detection in ML’. Fraud detection has been a classic area of study here even before what people now call ‘AI’ (i.e. LLMs, etc).

That should give you some ideas to go off of.