There is allot upside to selling AI solutions to various levels of government. More and more governments are considering value for money. The problem is that government has to watch their costs as such it may not feasible to hiring full-time auditors.

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© 2014 IBM Corporation
Artificial Intelligence (AI) with Value
for Money Audits
Presenter: Paul Young, CPA, CGA – Proven Practice Adviser – Risk
Analytics, FOPM/FPM and Close, Consolidate and Reporting
Day: July 31 2017

2. © 2012 IBM CorporationSeptember 9,
2014
• Paul Young, CPA, CGA
• SME – Financial Performance Management (TM1, Cognos Controller and
Cognos Disclosure Management, OpenPages, Algorithmics, Cognos
Integrated Server, Cognos Command Center and Datawatch)
• Industry Experience
• 15+ years in Corporate Reporting, Budget & Forecasting, Costing,
Business Process Management, Internal Audit and Controls, Risk
Management, Financial Analysis, Costing
• 12+ years in financial solutions (FOPM, FPM, Risk, Office of the
Finance, Risk Management)
• 8+ years teaching Advance Finance, Advance Accounting, Public
Finance and Advance Management Information Systems
• Blogger in areas like Finance Analysis, Government policies, market
segment

3. © 2012 IBM Corporation
• What is AI
• Evolution of Accounting and Finance
• AI and the Accounting Profession
• Gartner/Data Sciences
• Automated Solutions
Agenda

4. © 2012 IBM Corporation
What is AI
Source - http://searchcio.techtarget.com/definition/AI
September 9,
2014
AI (pronounced AYE-EYE) or artificial intelligence is
the simulation of human intelligence processes by
machines, especially computer systems. These
processes include learning (the acquisition of
information and rules for using the information),
reasoning (using the rules to reach approximate or
definite conclusions), and self-correction. Particular
applications of AI include expert systems, speech
recognition and machine vision

5. © 2012 IBM Corporation
Data Sciences
Source - https://rapidminer.com/resource/gartner-magic-quadrant-data-science-platforms/
September 9,
2014

6. © 2012 IBM Corporation
Value for Money Auditing
Source - http://www.businessdictionary.com/definition/value-for-money-audit.html
September 9,
2014
Independent audit of a not-for-profit organization
(government agency or unit, charity, trust, etc.) to
assess the effectiveness and efficiency of its utilization
of funds. It is employed where the standard
commercial performance (profit oriented) measures
cannot be used. Also called value for money analysis.

7. © 2012 IBM Corporation
Government
There are many types of government
• Municipal
• Provincial/State
• Federal Government
• Crown Corporation
• Government Business Enterprises
September 9,
2014

8. © 2012 IBM Corporation
Market Potential
• AI is touching the surface in terms of address issues facing
government
• Costs controls are big issue including the ability to develop
triggers as part of their reporting cycle. AI with other tools
could help manage costs within government
• Procurement
• Assessing programs ongoing basis
• Re-deployment of resources to critical areas within
government
September 9,
2014

9. © 2012 IBM Corporation
IBM Solutions
• FOPM - https://www.ibm.com/ca-en/marketplace/planning-
and-analytics
• Consolidation Solutions - https://www.ibm.com/us-
en/marketplace/auditable-financial-consolidation
• Reporting Solutions – IBM/Certent -
http://certent.com/solutions/disclosure-management/
• Risk Analytics -
http://www.ibm.com/analytics/us/en/business/governance-
risk-compliance/
September 9,
2014

10. © 2012 IBM CorporationSeptember 9,
2014
• Contact information
• Paul Young (email: paul.young@ca.ibm.com)