Your firm's tax and audit groups are exploring opportunities to incorporate AI to improve quality and efficiency. You have been asked to research wher

Your firm’s tax and audit groups are exploring opportunities to incorporate AI to improve quality and efficiency. You have been asked to research where AI could have the biggest impact and provide recommendations on 2-3 top project possibilities. In 2-3 page analysis, you will be graded on your assessment of suitable AI opportunities given accounting needs, analysis of feasibility parameters both technical and regulatory, and justification for prioritized project recommendations. Please cite any external sources.
1) Describe 3 potential projects within tax preparation and financial auditing that could benefit from AI automation based on assessing volume, complexity, judgement requirements, and data availability. 2) For each proposed project, discuss feasibility in terms of: – Available historical training data – Technology fit for the process complexity – Cost/benefit impact – Regulatory explainability requirements – Staff skill development needs 3) Recommend your top 2 projects based on the feasibility analyses that are most viable for your firm in the next 1-2 years.