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AI Auditing Forecasting & Market ResearchExpert System for Small Business & Students The public and private sector promotion of Computer Assisted Audit Techniques (CAATs), sophisticated business analytics and DOGE is bound to dramatically impact the business world. This is especially true when these trends are driven by the AI revolution. Our goal is to help small businesses with an inherent resource disadvantage in competing against large corporations. Auditmetrics AI is designed as a cost-effective portable expert system to enhance human decision making. Expert systems are commonly used in fields like medicine and finance to provide consistent and unbiased decisions based on established rules and data. This increase in AI driven analytics means a business must protect its home base by periodically conducting its own statistical financial analysis that conform to AICPA and IRS standards. Auditmetrics was developed in Massachusetts where the law regarding the statistical financial audit was very simple. It must conform to IRS standards (see IRS link below) New added Video Library overview lessonThe original implementation of Auditmetrics was a combination of learn by doing in conjunction with the gestalt whole approach. The first step was getting auditors quickly to generate both the audit random sample and the Excel template. The auditor could view the total audit process. What was then implemented was the process to fill in the gaps of statistical knowledge. This was accomplished with regular sampling exercises and learn by doing lessons. The current Video library was expanded to include not only the audit but forecasting and market research. The Current Video Library with its learning exercises is specifically designed for learn by doing. We designed an overview lesson that guides the learner to view the total process of auditing, forecasting and Market Research. Step I. Generate a random sample Step II. Generate a regression or least squares prediction line Step III. Generate a table that compares business cash flow with IRS income data by Zip code These steps succinctly displays a Gestalt whole view of auditing, forecasting and market research. The Overview has been entered on the Video LibraryFree samll business/ learning version, AI SB V6 - Starter version to draw a statistical audit random sample
Forbes Report: In Education, Risks of AI Overshadow the Benefits Link to Forbes AI and Education Report |
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Auditmetrics has aways been very versitile in its service to its clients: We do our best to keep up with new advancements such as the increasing use of data and statistical analytics in enhancing profit and loss. A recent article by Gary Schoeniger in Forbes Small Business Newsletter: "Five Reasons Small Businesses Fail, And How To Avoid Them". One recommendation is:
DITCH THE BUSINESS PLANSchoeniger's statement is admittedly controversial to emphasize that the formal business plan process can rely too heavily on logic and easily create a false sense of confidence. Advancements in AI and statistical analytics allows for greater data driven testing of ideas. The key is to obtain unbiased assessments of proposed activity. Successful entrepreneurs behave more like scientists searching for evidence of their ideas’ usefulness.