Agentic AI: What the audit and accounting profession needs to know

A practical introduction to agentic AI and how it can enhance audit quality within a governed, human-directed framework.

Synopsis

As audit and accounting firms face increasing complexity, regulatory pressure and resource constraints, many are exploring AI to improve consistency and efficiency. But not all AI is the same.

Agentic AI goes beyond prompt-based tools and isolated automation. It operates within defined boundaries, supporting structured workflows, surfacing risks earlier and preparing materials for professional review, all under human oversight.

This guide explains:

• How agentic AI differs from generative AI and traditional automation
• Why governance and control are foundational
• How agentic systems work in practice
• Practical applications for audit and accounting firms
• How firms can strengthen quality without compromising accountability