SKAU's digital platform is the first of its kind in Europe. (source: freepik.com/DC Studio)
The Slovak Chamber of Auditors (SKAU) has introduced the deployment of artificial intelligence (AI) to support the auditing profession via its dedicated web platform. It is available exclusively to auditors. This platform is the first of its kind in Europe, noted SKAU President Milan Mozolák when introducing the web platform. The digital solution is being delivered by AI Media & Agency Services.
“Audit as we have known it is undergoing transformation,” said Mozolák as cited by the TASR newswire. “The role of the auditor will shift, allowing professionals to focus more effectively on added-value tasks such as data analysis and interpretation – areas where the human and expert element remains essential.”
SKAU is among the first in Slovakia’s auditing sector to implement the latest trends in practice through digitalisation. Part of this process includes the gradual integration of AI to support the auditing profession on the SKAU’s online platform, initially for members of the chamber, with plans to expand it to additional areas and applications for more effective use. The goal is to contribute to the modernisation and objectification of the independent statutory audit profession.
AI also offers multilingual communication capabilities, which will significantly accelerate and improve the educational process for auditors. The translation of materials, background documents, and especially standards – most of which are in English – will be notably faster.
“AI is able to adopt our specific terminology and internal glossary, enabling automatic and high-quality translations of source texts into Slovak,” said Mozolák. “Moreover, it continues to learn and improve on its own.”
The implementation of the AI system is planned in three phases, the first of which is currently underway. In the second phase, the platform will introduce an intelligent assistant to support auditors in gathering information and proposing solutions according to their needs and assignments. The third phase will have a practical application, with AI assisting directly in conducting audits, performing research, and generating supporting documentation.
