Cognitive Technology in the Audit | KPMG | BE

Cognitive Technology in the Audit

Cognitive Technology in the Audit

Cognitive technology simulates human decision-making by analyzing data, generating hypotheses, and evaluating supporting evidence to make judgment-based decisions. In this report, take an in-depth look at how advances in cognitive intelligence are being adapted to auditing and how its application can enhance audit quality through greater coverage, deeper analytics and broader perspectives on controls, processes and risks.

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cognitive technology in audit

Cognitive technology simulates human decision-making by analyzing data, generating hypotheses, and evaluating supporting evidence to make judgment-based decisions. In this report, take an in-depth look at how advances in cognitive intelligence are being adapted to auditing and how its application can enhance audit quality through greater coverage, deeper analytics and broader perspectives on controls, processes and risks.

Our work as audit professionals is fundamentally about “trust.” For the capital markets to operate effectively and to the benefit of investors and society more broadly, there must be integrity and confidence in the system. In serving the capital markets and the public interest, we work to help instill trust and confidence in the information used to make important decisions.  

In the following pages, we begin to explore how we can continue to promote trust during a time of profound change across the business landscape. Given the explosion of data and the digitization of our lives, we want to promote a discussion about how the audit profession must evolve its tools and approach to keep up with the pace of change and remain relevant in a dynamic marketplace. Specifically, our profession must embrace the use of advanced technologies, including data and analytics (D&A), robotics, automation and cognitive intelligence, to manage processes, support planning and inform decision making. At KPMG we are constantly thinking about the development of innovative capabilities and technologies that will enhance quali y and strengthen the relevance of our audit into the future. 

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