About us
Athena
We're a group of creative thinkers building a product specialised for audit
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AI Kapital is a pioneering company that leverages cutting-edge artificial intelligence technology to develop audit testing solutions. Our aim is to transform the audit industry by creating dependable and secure solutions that enhance the quality and reliability of audit services. Our vision is to establish a future where AI serves as a reliable auditor of financial statements, ensuring accountability and transparency for all.
We firmly believe that AI can refashion the way auditors carry out substantive tests, in particular, test of details, which is a fundamental audit procedure required to obtain audit evidence. Test of details involves the verification of transactions, balances, or disclosures for errors or misstatements. Procedures are often tedious, time-consuming, and susceptible to human error and bias. They rely on sampling techniques that may not capture the full picture of the financial data.
AI can help auditors surmount these challenges and carry out these tests more effectively.
To this end, we are developing Athena, a cloud-based solution that utilises advanced machine-learning techniques to conduct efficient and precise audit testing. Athena is designed to help auditors:
Reduce manual work and increase efficiency by automating various audit tasks
Improve accuracy and completeness by checking the entire population of data
Detect errors and misstatements by comparing transactions and balances to original source documents
Enhance the quality and reliability of audit testing and reporting
Athena will be able to verify the occurrence, completeness, accuracy, and cut-off of financial records by using language processing, computer vision, and machine learning to extract, analyze, and compare text, images, and numbers from various data sources. It can perform procedures that include, vouching, tracing, inspecting, and recalculating, to check transactions against source documents. For example, it can vouch cash receipts to bank statements and invoices, and recalculate prepayments and accruals based on contracts and agreements.
Athena will be the ultimate solution for auditors who seek to leverage AI to enhance their value proposition and quality of service. We understand concerns regarding the security and privacy of data are paramount. Therefore, we are collaborating with industry leaders to ensure our product meets the highest standards of quality and security. We implement robust security measures that include, encryption, multi-factor authentication, and access controls to protect sensitive data.
We are a team of dedicated professionals with backgrounds in audit, computer science, engineering, and mathematics. We share a common vision of creating a better future with AI, and we are always seeking talented individuals who share our vision to join the team.
Artificial Intelligence (AI) is not merely a fleeting term or a fashionable trend; rather, it has become a tangible force that is changing the world of business and finance. Incorporating AI into your operations can provide your firm with a distinct advantage in the competitive audit marketplace. Not only does AI save time and resources, but it also amplifies coverage and dependability, offering valuable insights that can enhance your reputation and credibility.
AI is the future of audit, and failure to embrace it risks falling behind your competitors. Don't allow this to happen. Begin using AI, while preserving the importance of human judgment, addressing security and privacy concerns, and leveraging cutting-edge technology to revolutionise the industry.
We are developing Athena, with you in mind.