EY recruits provided AI training but still taught 'old way' | International Tax Review

# How AI is Transforming Tax Audits: What Professionals Need to Know **The future of tax compliance is here, and it's powered by artificial intelligence.** A recent survey has revealed a striking consensus among tax professionals: 87% of respondents expect AI to significantly improve both the efficiency and accuracy of tax audits and dispute resolutions. This overwhelming confidence signals a major shift in how the industry approaches compliance and regulatory challenges. As organizations face increasingly complex tax landscapes, AI-powered tools are emerging as essential assets for navigating audits with greater precision and speed. However, the transition isn't without its challenges. Despite this enthusiasm for AI adoption, many professionals are still being trained using traditional methods. EY's recent recruitment initiative highlights this disconnect—new hires receive AI training but continue to learn conventional approaches alongside emerging technologies. This dual-track training reflects the industry's growing pains as it balances innovation with established practices. **Key Takeaway:** Tax professionals and organizations should begin integrating AI tools into their audit preparation workflows now, while maintaining proficiency in traditional methods during this transitional period. Those who embrace AI-enhanced audit processes early will gain competitive advantages through faster resolution times, improved accuracy, and reduced compliance risks. The message is clear: AI isn't just coming to tax audits—it's already reshaping the landscape. Professionals who adapt quickly will thrive. #TaxTechnology #AIinAccounting #TaxCompliance #DigitalTransformation

# How AI is Transforming Tax Audits: What Professionals Need to Know

**The future of tax compliance is here, and it's powered by artificial intelligence.**

A recent survey has revealed a striking consensus among tax professionals: 87% of respondents expect AI to significantly improve both the efficiency and accuracy of tax audits and dispute resolutions. This overwhelming confidence signals a major shift in how the industry approaches compliance and regulatory challenges. As organizations face increasingly complex tax landscapes, AI-powered tools are emerging as essential assets for navigating audits with greater precision and speed.

However, the transition isn't without its challenges. Despite this enthusiasm for AI adoption, many professionals are still being trained using traditional methods. EY's recent recruitment initiative highlights this disconnect—new hires receive AI training but continue to learn conventional approaches alongside emerging technologies. This dual-track training reflects the industry's growing pains as it balances innovation with established practices.

**Key Takeaway:** Tax professionals and organizations should begin integrating AI tools into their audit preparation workflows now, while maintaining proficiency in traditional methods during this transitional period. Those who embrace AI-enhanced audit processes early will gain competitive advantages through faster resolution times, improved accuracy, and reduced compliance risks.

The message is clear: AI isn't just coming to tax audits—it's already reshaping the landscape. Professionals who adapt quickly will thrive.

#TaxTechnology #AIinAccounting #TaxCompliance #DigitalTransformation

Original Source

Close to nine in 10 (87%) respondents expected AI to improve the efficiency and accuracy of tax audits and dispute resolutions, it showed. The ...