Its important to review the complete trail balance to ensure that existing and new ERP is recording all the transactions. Also data can be analyzed on GL level to see proper migration.

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610 views2 Upvotes5 Comments

Are you using AI in your audit process? How so?

Auditing & Logging Finance Financial Management+2 more

Adam ShiltonTech for Finance in Miscellaneous10 months ago

At the moment we have a use case where we have utilised it in parts of report writing. We are developing this further to get to a stage where AI will write the first draft of the report based solely on the leadsheet. We ...read more

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5.3k views2 Upvotes12 Comments

Can anyone share their approach to performing a IT focused risk assessment in the support of audit planning? Would any one have a IT risk universe that they would be willing to share?

Security & GRC Infrastructure Cloud+1 more

Adam ShiltonTech for Finance in Miscellaneousa year ago

The risk assessment for IT areas should cover a number of areas for ensuring that an organization's IT systems and processes are effective, secure, and compliant with relevant regulations. The Audit Plan can typically ...read more

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373 views3 Comments

How do you evaluate the ROI of an investment in generative AI?

Generative AI Finance

Adam ShiltonTech for Finance in Miscellaneousa year ago

ROI of investment in GEN AI depends upon long term benefits derived by cost of implementation versus manhours saved. The accuracy and usability will also play an important role. The ROI is not only quantitative but will also ...read more

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701 views2 Upvotes5 Comments

What's the #1 genAI policy you think all finance teams should implement to mitigate risk or privacy issues?

Generative AI Finance Risk Management+1 more

Adam ShiltonTech for Finance in Miscellaneousa year ago

Its still early days to formulate a policy in tandem to GEN AI finance capabilities. The Privacy and Data security issues will remain high by adopting to any GEN AI mythology unless proper risk assessment and audited by Big4 ...read more

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292 views2 Upvotes3 Comments

What's the hardest lesson you've learned from gen AI so far?

Generative AI Customer Engagement Finance

Adam ShiltonTech for Finance in Miscellaneousa year ago

How I'm going bring up my kids so that they know fact from fiction.

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452 views2 Comments

Are you using Gen AI to help with storytelling when it comes to finance data? Do you think this could help you expand your influence?

Generative AI Finance Financial Management

Adam ShiltonTech for Finance in Miscellaneousa year ago

I'm not currently using it, but there are some cool tools like STORYD, that will help arrange a concept into a story + slides for you.

There's a tonne of tools out there, and as much as they might help you ...read more

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507 views1 Upvote3 Comments

What's been the most unexpected impact of generative AI for you so far?

Finance Generative AI

Adam ShiltonTech for Finance in Miscellaneousa year ago

The unexpected impact of generative AI has been its use in generating highly convicting fake content. This aspect has raised some concerns about spreading wrong information and its potential misuse.

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493 views5 Comments

Are AI Prompt Engineers, or so called "AI whisperers", going to be a real thing? Is this an area for possible investment or just hype?

Generative AI Finance

Adam ShiltonTech for Finance in Miscellaneousa year ago

Artificial Intelligence continues to advance and integrate further into various aspects of our lives. So, the specialized roles that involve understanding and optimizing AI systems could certainly emerge. These roles might ...read more

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367 views4 Comments

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