KPMG International has said it is integrating generative AI into KPMG Clara, its global smart audit platform.
The new AI will interact directly with audit engagement documentation and audit methodology, for both public and private companies.
KPMG explained with its new AI capability Clara will help teams refine risk assessments, develop substantive testing procedures, and enhance audit documentation.
The Big 4 firm said: “By infusing AI through KPMG Clara, KPMG’s 90,000 global audit professionals will be empowered to focus more closely on higher-risk areas of the audit, sector-specific risks, and challenges — to the benefit of both stakeholders and capital markets.”
