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🔍 Experience a revolutionary approach to auditing with CA Prabhaw Agarwalla’s solution on Automating Audit Using AI, presented at the AI Hackathon Season 2 Grand Finale. This use case highlights how AI can handle large volumes of transactional data, identify red flags, and prepare working papers with minimal human effort. Designed for use in both internal and statutory audits, this AI engine supports auditors in sampling, testing controls, detecting anomalies, and preparing audit conclusions—all with speed, accuracy, and traceability. 🔍 Hackathon Highlights: End-to-end automation of audit working papers. AI-powered sampling, control testing, and audit procedures. Risk scoring and red flag detection in financial data. Integration with accounting systems for real-time review. Auto-generated audit summaries and checklists. 💼 Expert Insights: CA Prabhaw Agarwalla delivers a robust solution that aligns with modern audit requirements. His model transforms the traditional audit cycle into an agile, automated, and data-driven process. 🎯 Key Takeaways: Saving time on audit documentation. Enhancing audit accuracy with AI. Risk-based approach to audit planning. Practical insights into AI-enabled audit execution. Connect with Us: Website: https://ai.icai.org/ Twitter: https://x.com/AIinICAI