AI or no AI – that is the question here
Some time ago, a zapliance customer approached Alex and me with the idea of starting an Artificial Intelligence compliance project together. The goal of the project: to develop a plan on how to evaluate AI use cases – a kind of best practice, so to speak, to classify whether a use case can be rated […]
First the infection rate drops, then tax: are you prepared?
On 12th June 2020, the German Federal Cabinet passed a short-term decision to reduce VAT as of 1st July 2020 as part of an economic stimulus package. What was intended as a well-intentioned aid measure to overcome the coronavirus crisis, quickly brought beads of sweat to the brow of many decision-makers. They had just come out of […]
10 duplicate payment fails every accounting professional should know
Duplicate payments happen time and time again in companies. We at zapliance have been dealing with this topic for quite some time now and have learned a lot about duplicate payments. In particular, what causes duplicate payments and how they occur. In this blog post, we lay out 10 types of duplicate payments that we’ve […]
Special crisis, special risks: What do you think?
The economic effects of the crisis are enormous. Short-time work is announced in many places. Even in auditing. However, this neglects one aspect: in this exceptional situation, companies are now exposed to very special risks – in contrast to “normal” times. And the audit department is taking a “break”. How does it fit together? It […]
Fight the Crisis: The Big Freeze
It’s been a while since I last attended an economics lecture. But I have always been interested in the subject. Now the threshold of the crisis has been crossed by the coronavirus, and economic upheavals are becoming apparent. What can we do against the developing economic crisis? I dare to make my proposal: The big freeze. […]
Does working from home hinder your work as an auditor? Take this approach!
‘Corona crisis’ is term on everyone’s lips, and the question of its significance for friends and family is a concern for all of us. However, the initial shock might now be over. The question therefore arises as to what the crisis means for us auditors The profession of an auditor involves a lot of travel […]
External Auditor, digitize yourself!
Digitization projects are currently underway in every industry. Everyone is looking for ways to successfully harness the digital transformation for the benefit of their business model. And of course, auditors are no exception. However, in the auditing industry, there are specific industry drivers that influence digital transformation. This article seeks to highlight some of these […]
3 steps for the compliance assessment of AI-based decisions
Remember the three “What can go wrong?” phenomena from our last blog article? Rule Blackbox Out-of-Context Bias Feedback Loop Bias In this article, we will use these phenomena to derive a procedure for a compliance-oriented assessment of AI-based decisions in companies. But before we get started, we need to make a distinction: When is AI used […]
Artificial Intelligence and Compliance. How does it all fit together?
Lifelong learning is now something that is expected of us everyday and we are facing major challenges with the rapid development of new technologies such as 5G, Artificial Intelligence (AI) and Robotic Process Automation (RPA). Now it is a matter of equipping the audit department with the appropriate competencies at an early stage in order […]
Journal Entry Testing: The Best Queries about Money in SAP
In German, there is a saying that everybody is going to be familiar with when the holiday season comes to an end, and it goes something like this: When the money runs out, there is still so much of the month left to go [„Am Ende des Geldes ist noch so viel Monat übrig”]. What […]