Thursday, June 13th, 2019

Small Firms Can Also Use AI for Audit

“Be faithful in small things because it is in them that your strength lies.” – Mother Teresa

I work with a lot of smaller firms. They are always looking for ways to stay competitive and to take advantage of as much technology as possible. Sometimes small firms assume they can’t compete with what the big national and regional firms are doing.

In a recent article via The Journal of Accountancy, Samantha Bowling, CPA, CGMA tells the story of how her 15 person firm is using artificial intelligence to identify high-risk transactions as part of its auditing process.

One line caught my attention. It is an important issue for small CPA firms. Do you still have servers on site? Bowling says, “We used to have seven servers on-site. Now everything is in the cloud. We used to be able to remote in to our servers before, but it was slow. The remote access is much better in the cloud. It’s night and day. I’m excited because I’ve never had access to this much technology.”

Just because you are a small firm doesn’t mean you have to think small! Read this article!

  • "Great things are done by a series of small things brought together."
  • Vincent Van Gogh

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