Artificial Intelligence for Audit, Forensic Accounting, and Valuation

PART IIIForensic Accounting Automation

IN PART TWO WE FOCUSED on audit and emphasized the automation of planning, inherent risk automation, internal controls automation, reporting, and post‐audit management. Audit helps in providing assurance and gives a sense of confidence to investors. The emphasis on internal controls also helps in developing a fraud prevention mindset. In contrast to fraud prevention, in Part Three we will concentrate on fraud detection. We approach fraud detection from the angle of forensic accounting and expand it to include value destruction from strategic decision‐making. Part Three is divided into Intelligent Automation of Fraud Detection, Forensic Accounting, Managing for Value and Valuation, and a summary chapter, which also introduces robotics.