Legally Bharat

MCA asks cost auditors to tap AI to better detect inefficiency, ET LegalWorld

The corporate affairs ministry has asked cost auditors to focus on potential risk areas, evaluate the impact of cost inefficiencies on companies’ financial health and take advantage of artificial intelligence (AI) to plug loopholes. The use of AI would help cost auditors “identify patterns or anomalies that might otherwise go unnoticed,” according to the ministry’s […]