Forensic Accounting in the Age of AI: Opportunities and Risks

Frank Dery explores how artificial intelligence (AI) has transformed forensic accounting while emphasizing the continued importance of the human element. AI enhances efficiency, allows professionals to focus more on strategy, and enables faster data analysis, pattern recognition, and real-time monitoring; but it also introduces risks such as false positives, system manipulation, and AI-assisted fraud.

Despite AI’s capabilities, it cannot replace the human judgment, professional skepticism, and experience essential to forensic investigations, especially in interpreting context and conducting interviews. Ultimately, AI is a powerful tool, but the human element remains irreplaceable in uncovering fraud.