November 30, 2021
GRF CPAs & Advisors (GRF) Partner, Ricardo Trujillo, CPA, CITP, CISA and Senior Manager, Tricia Katebini, CPA, MBA discussed the firm’s transition to Artificial Intelligence (AI) in a recent article for the Journal of Accountancy. Both auditors played a significant role in GRF’s due diligence and rollout of MindBridge, a cloud-based platform that analyzes transactions and assigns a risk percentage based on 28 control points within the software. Instead of sampling transactions for review during the annual audit, the platform ingests and analyzes every transaction.
In 6 Lessons from Audit Experts who Adopted AI Early, Mr. Trujillo and Ms. Katebini share strategies and practical advice for other practitioners considering the use of AI platforms. With four years under their belt, they suggest starting small with a phased approach as well as centralized documentation and a dedicated team committed to AI’s success. Finally, the pair recommends clear communication with clients about the true benefits of machine learning.
About GRF CPAs & Advisors
Headquartered in the Washington, DC metropolitan region with locations in Bethesda, MD and New York, NY, GRF CPAs & Advisors (GRF) is a full-service professional services firm providing clients with audit and assurance, accounting, tax, and advisory solutions. Celebrating its 40th anniversary in 2021, GRF leverages a deep bench of industry expertise to assist nonprofit organizations, government contractors, privately held businesses, trusts, and individuals with their most challenging financial and operational issues.
For more about GRF CPAs & Advisors, visit our website at www.grfcpa.com.