AuditFile, Inc., developer of the award-winning cloud-based audit automation platform, has announced that an integration with Microsoft Azure OpenAI is generally available to AuditFile users. Tailored specifically for accounting professionals, this technology assists users in all attest areas.
The integration enables auditors to leverage the power of AI to complete attest procedures, analyze large amounts of financial data, prepare financial statements, and aid in the assessment of risk. AuditFile was the first to create a cloud-based attest software and now is the first to utilize AI large language models (LLMs). AuditFile users can now spend more time delivering value to clients.
AuditFile was awarded patent 10,891,294 by the United States Patent and Trademark Office (USPTO). The patent covers the application of artificial intelligence to attest engagements. The company continues to deliver on its mission of offering a sophisticated toolset that helps practitioners improve the efficiency of audit processes, while ensuring that the software itself remains simple to use for all technological abilities.
“Our seamless integration gives accounting professionals the flexibility to incorporate artificial intelligence seamlessly. AuditFile is dedicated to improving the accounting profession,” said Steven Bong, founder and Chief Executive Officer of AuditFile.
AuditFile is the only complete, cloud-based all-in-one engagement automation platform for public accounting professionals. Offered in three subscription options, AuditFile easily scales to meet the specific needs of firms of all sizes and specialties, and includes data storage, web training, and technical support in the subscription fee. AuditFile was recently awarded the title of #1 Audit Tool in the 2023 CPA Practice Advisor Readers’ Choice Awards.