Artificial Intelligence for Audit, Forensic Accounting, and Valuation : A Strategic Perspective

Cover -- Title Page -- Copyright -- Contents -- Preface -- Acknowledgments -- Part I Foundations for AI and Audit -- Chapter 1 Introduction: Staying Ahead of the Emergent Risk -- Killer Robots and Audit -- Building the Audit Function Around AI -- Staying Ahead of the Emergent Risk -- The Much‐Needed Evolution of the Audit Firm -- The Claustrophobic Mini Universe of Audit -- The Problems with Today's Approach -- Enabling New Thinking in Audit -- Reinventing the Legacy Firm -- The Universe of Accounting -- The Game Plan -- References -- Chapter 2 Fourth Industrial Revolution and Its Impact on Audit -- Fourth Industrial Revolution -- How Is the Cognitive Revolution Different from Previous Revolutions? -- You and the New Era -- Opportunities and Perils of the Fourth Industrial Revolution -- Sources of Competitive Advantage in the Fourth Revolution -- Audit Magnification -- Automation &amp -- equals -- 3 As (Audit, Activism, Assurance) -- References -- Chapter 3 What Is Artificial Intelligence? -- A Brief History of AI -- Launchpad Factors -- Data Science, Machine Learning, AI, and Everything Else -- Definition of AI -- Turing Test -- Narrow VERSUS General AI -- View of the Enterprise -- Toolkit for Intelligent Audit Automation -- References -- Chapter 4 Rise of Machine Learning -- Power of Patterns -- What Is Machine Learning? -- Machine Learning Is Really Scientific Process on Steroids -- The Learning Machine -- Algorithms -- Accumulating Experience -- Techniques of Learning -- Supervised Learning -- Unsupervised Learning -- Reinforcement Learning -- Chapter 5 Machine Learning -- Models -- Features and Targets -- Model Induction -- Data -- Stop and Think! -- Supervised: Classification with Trees -- Classification Using Mathematical Functions -- Supervised: Simple Linear Classifier -- Supervised: Support Vector Machine -- Supervised: Naïve Bayes.