Present and Future Perspective of AI Audit in India
Anoop Kumar Gupta, Pankaj Agarwal · JOURNAL GLOBAL VALUES · 2025
In the rapidly evolving auditing sector, AI-powered technologies are revolutionising traditional practices. As the industry is changing due to new regulations and emerging technologies, many auditors are having difficulty with out-dated practices and inefficiencies. More advanced technology has never been needed for modern auditing, and artificial intelligence (AI) is setting the standard for this advancement. There are intriguing opportunities to improve the efficacy, impact, and efficiency of internal auditors’ work with artificial intelligence in auditing. To use AI effectively, auditors must understand its limitations and focus on strengthening internal auditors’ core competencies rather than replacing them. AI and auditing go hand in hand, and as the capabilities of artificial auditing are expanding rapidly, internal auditors should consider how their team could use AI to enhance their work. This article will cover possible uses for incorporating AI into auditing as well as the benefits that this new technology may provide across the audit lifecycle.