Current Affairs - Technology - Discussion

Discussion Forum : Technology - Latest Current Affairs (Q.No. 284)
284.
What is the primary purpose of the AI Audit Tool being developed by ICAI and MeitY?
Provide reasoned judgments for auditors
Monitor corporate performance and detect fraud
Analyze financial statements of companies
Research accounting standards from the past 75 years
Answer: Option
Explanation:
The AI Audit Tool collaboration between ICAI and MeitY aims primarily to monitor corporate performance and detect fraud in corporate India. Additionally, as part of this initiative, over 9 lakh CA students will benefit from an AI-based GPT tool for exam preparation. This tool will provide access to questions spanning 75 years of accounting standards, facilitating comprehensive research and efficient preparation for examinations while advancing technological integration in professional education within the accounting domain.
Discussion:
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