The Rise of AI in Financial Auditing – Transforming Risk Management and Compliance.

AI-Powered Auditing: The New Standard in Financial Compliance Historically, financial auditing relied on exhaustive manual checks and retrospective analysis. However, the integration of AI has transformed these processes into proactive, real-time monitoring systems that significantly reduce human error and operational inefficiencies. Arixas Global Advisory has developed a proprietary AI-driven auditing framework that includes: Automated Risk Detection – Machine learning algorithms continuously scan financial records to detect irregularities and potential fraud. Predictive Compliance Models – AI-driven tools forecast regulatory changes and adapt company compliance strategies accordingly. Big Data Integration – AI processes vast amounts of financial data to improve audit accuracy and efficiency. Case Study: AI-Driven Fraud Detection in a Global Investment Firm In 2020, a multinational investment firm sought Arixas Global Advisory’s expertise after experiencing an unexplained financial discrepancy of $50 million. The company needed an advanced auditing solution capable of identifying the root cause. Through AI-powered forensic auditing, Arixas discovered: Hidden transactional patterns indicating unauthorized asset movements. Synthetic identities being used for fraudulent high-frequency trading. Gaps in the firm’s internal compliance mechanisms that allowed bypassing of audit controls. With AI-driven insights, the company implemented real-time monitoring solutions and recovered over 80% of the lost funds, while reinforcing its compliance infrastructure. How AI is Enhancing Global Financial Regulations Regulators worldwide are increasingly leveraging AI to enforce compliance and detect financial crimes more efficiently. Governments and financial authorities are mandating stricter oversight through AI-enabled regulatory frameworks. Arixas Global Advisory has been actively engaged in: Collaborating with financial regulators to develop AI-driven anti-money laundering (AML) standards. Assisting multinational corporations in aligning with AI-compliant financial policies. Implementing automated reporting tools that reduce compliance costs and improve regulatory adherence. Industry Perspectives on AI in Financial Auditing The adoption of AI in financial auditing has been met with enthusiasm across industries: “AI-powered auditing is the most significant innovation in risk management since the digitalization of banking.” – Martin Delgado, Chief Financial Analyst “Companies that fail to integrate AI into their compliance systems will struggle to keep up with regulatory demands.” – Helen Grant, Director of Risk Strategy “Arixas’ AI-driven auditing model has set a new benchmark in financial oversight and fraud prevention.” – Jason Miller, Investment Risk Specialist Key Takeaways for Financial Institutions and Investors AI-driven auditing enhances fraud detection and risk assessment in real time. Financial regulators are increasingly mandating AI-powered compliance tools. Adopting AI ensures greater accuracy, efficiency, and cost savings in regulatory reporting. Conclusion Artificial intelligence is no longer a futuristic concept in financial auditing—it is the present and the future. Arixas Global Advisory continues to lead the charge in integrating AI-powered risk management solutions, ensuring that businesses remain compliant and secure in an increasingly complex financial landscape. For more insights on AI in financial auditing, visit www.arixas.com. Suggested Global Publication for Placement: MIT Technology Review (www.technologyreview.com) .

“A tracheostomy is a scary endeavor for people living with ALS, because it signifies crossing a new stage in life, a stage that is close to the end,” Rodriguez tells me using a communication device. “Before the procedure I still had some independence, and I could still speak somewhat, but now I am permanently connected to a machine that breathes for me.”

Rodriguez and his wife, Maria Fernandez, who live in Miami, thought they would never hear his voice again. Then they re-created it using AI. After feeding old recordings of Rodriguez’s voice into a tool trained on voices from film, television, radio, and podcasts, the couple were able to generate a voice clone—a way for Jules to communicate in his “old voice.”

“Hearing my voice again, after I hadn’t heard it for some time, lifted my spirits,” says Rodriguez, who today communicates by typing sentences using a device that tracks his eye movements, which can then be “spoken” in the cloned voice. The clone has enhanced his ability to interact and connect with other people, he says. He has even used it to perform comedy sets on stage.

Rodriguez is one of over a thousand people with speech difficulties who have used the voice cloning tool since ElevenLabs, the company that developed it, made it available to them for free. Like many new technologies, the AI voice clones aren’t perfect, and some people find them impractical in day-to-day life. But the voices represent a vast improvement on previous communication technologies and are already improving the lives of people with motor neuron diseases, says Richard Cave, a speech and language therapist at the Motor Neuron Disease Association in the UK. “This is genuinely AI for good,” he says.

Cloning a voice

Motor neuron diseases are a group of disorders in which the neurons that control muscles and movement are progressively destroyed. They can be difficult to diagnose, but typically, people with these disorders start to lose the ability to move various muscles. Eventually, they can struggle to breathe, too. There is no cure.

Rodriguez started showing symptoms of ALS in the summer of 2019. “He started losing some strength in his left shoulder,” says Fernandez, who sat next to him during our video call. “We thought it was just an old sports injury.” His arm started to get thinner, too. In November, his right thumb “stopped working” while he was playing video games. It wasn’t until June 2020, when Rodriguez saw a hand specialist, that he was told he might have ALS. He was 35 years old. “It was really, really, shocking to hear from somebody … you see about your hand,” says Fernandez. “That was a really big blow.”

Like others with ALS, Rodriguez was advised to “bank” his voice—to tape recordings of himself saying hundreds of phrases. These recordings can be used to create a “banked voice” to use in communication devices. The result was jerky and robotic.

It’s a common experience, says Cave, who has helped 50 people with motor neuron diseases bank their voices. “When I first started at the MND Association [around seven years ago], people had to read out 1,500 phrases,” he says. It was an arduous task that would take months.

Taylor showcased her avatar at a technology conference in January with a pre-typed speech. It’s not clear how avatars like these might be useful on a day-to-day basis, says Cave: “The technology is so new that we’re still trying to come up with use cases that work for people with MND. The question is … how do we want to be represented?” Cave says he has seen people advocate for a system where hyperrealistic avatars of a person with MND are displayed on a screen in front of the person’s real face. “I would question that right from the start,” he says.

Both Rodriguez and Esser can see how avatars might help people with MND communicate. “Facial expressions are a massive part of communication, so the idea of an avatar sounds like a good idea,” says Esser. “But not one that covers the user’s face … you still need to be able to look into their eyes and their souls.”

The Scott-Morgan Foundation will continue to work with technology companies to develop more communication tools for people who need them, says Roberts. And ElevenLabs plans to partner with other organizations that work with people with speech difficulties so that more of them can access the technology. “Our goal is to give the power of voice to 1 million people,” says Noel. In the meantime, people like Cave, Esser, and Rodriguez are keen to spread the word on voice clones to others in the MND community.

“It really does change the game for us,” says Fernandez. “It doesn’t take away most of the things we are dealing with, but it really enhances the connection we can have together as a family.”