On May 11, 2021, the European Organization of Supreme Audit Institutions (EUROSAI) IT Working Group organized an e-seminar, “From Code to Action: SAIs in the World of AI,“ attended by 250 participants from 50 Supreme Audit Institutions (SAIs) around the world. The aim of the event was to...
machine learning
Promising Technologies for Future-proofing Public Sector Audit Work
Technological advances have impacted the work of most SAIs, and emerging technologies have the potential to further shape the ways in which SAIs contribute to good governance. SAIs are at different stages in their technological journeys, and their use of technology may be affected by...
NAO Finland Uses Data Analytics to Reform Financial Audits
The National Audit Office (NAO) of Finland conducts financial, compliance performance, and fiscal policy audits. Prompted by data analytics opportunities, centralized implementation quality and efficiencies as well as a goal to provide better service to a wider variety of customers, NAO Finland...
Auditing Machine Learning Algorithms: A White Paper for Public Auditors
Public authorities and government entities have already started developing and implementing Artificial Intelligence (AI) and Machine Learning (ML) algorithms to improve public services and reduce costs. While prospective gains are immense, this technology also presents new challenges and risks, such as...
Improve Budget Analysis With Machine Learning, Data Analytics
Regional audit sections of Italy’s Corte dei conti, the nation’s Supreme Audit Institution (SAI), carry out various tasks, including analyzing local authority accounts to verify data accuracy and accounting system sustainability. The Apulia Region...
The Future of Public Sector Auditing: Living in Times of Change
Technology is driving change in society, and different professions are rediscovering roles and aligning themselves with the technological direction of the future. The auditing profession cannot be immune to these effects...