21/10/2025
AI should be positioned as a strategic driver of innovation in organisations, not as a tool of reliance that replaces human judgment. In the context of accounting and audit work papers, AI can enhance efficiency by automating administrative tasks such as indexing, drafting standard procedures and extracting key information from supporting documents. These capabilities help professionals work smarter, identify risks faster and focus on higher value insights, ultimately improving the quality and consistency of engagements.
However, AI must not be used to replace professional scepticism, decision making or accountability. While AI can generate tax calculations or suggest audit procedures, the final interpretation, conclusion and sign off must remain with the practitioner. Work papers are legal and professional records; AI may populate them, but only a qualified professional can validate their appropriateness, evaluate substance over form and ensure compliance with standards. AI should therefore be embraced as an innovation partner, not a substitute for expertise.