Why Use AI For Audits? ‘The Mind Gets Trained To Have A Positive Bias’

The number of fraud examiners using artificial intelligence and machine learning to detect and deter fraud is expected to triple in the next two years. It doesn't take a supercomputer to understand why manual processes can fall short: complacency is a human trait.

"When you are eyeballing transactions and trying to make judgments about any risk attributes that are associated, you are only as good as your sample," said Oversight Systems EVP Manish Singh. "Ninety-five percent of expenses on T&E or purchasing cards really have no issues. The mind gets trained to have . . .

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Author: David Jonas

David Jonas in 2006 co-founded business media firm ProMedia.travel after ten years as a journalist with Business Travel News. David rejoined BTN in 2010 as executive editor when its parent company acquired ProMedia, and in 2014 co-created The Company Dime. David has a bachelor's degree in communications from Cornell University.
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