I’m exploring how AI can streamline audit preparation and wanted to tap the community’s experience. 
Specifically, I’m looking at tools that can:
- Automate initial document review and classification
- Identify anomalies in transaction data
- Generate draft work papers from source documents
- Assist with risk assessment questionnaires
At Nimbus, we’ve started piloting a few solutions for our internal audit function and the early results are promising — about 40% time reduction on routine prep work.
What I’m wondering:
- Has anyone used AI-assisted tools in external audit contexts?
- How are clients reacting to AI being part of the audit process?
- Any concerns about audit quality when AI is involved?
Would love to hear real-world experiences. 