Muscat: The State Financial and Administrative Audit Authority today hosted a meeting on the use of artificial intelligence (AI) in the field of auditing. Held via video conferencing, the meeting was in pursuance of steps to implement the operational plan of the Capacity Building Committee of the Arab Organization of Supreme Audit Institutions (ARABOSAI).

According to Oman News Agency, the meeting sought ways to organize a training session for Arab professionals on the concepts of artificial intelligence, its latest developments, and key applications in the fields of auditing and oversight. The session will provide an opportunity to explore the practical experiences of supreme audit institutions from member states and review relevant challenges.

The session will enable the participants to exchange views about tools that could enhance the efficiency and accuracy of audit procedures in key areas like fraud detection and prediction. It would also offer an opportunity to assess technical, legal, and ethical challenges associated with the application of these technologies.

Faisal bin Abdullah Al Nahdi, Audit Specialist and Director of the Authority's Training and Development Centre, said that the use of AI in auditing reflects a commitment to keep pace with global technological developments and enhance the efficiency of audit work. He added that such technologies help improve the quality of auditing, enhance accuracy and transparency and enable professionals to acquire skills that contribute to the development of the institutional action.

The Authority's Training and Development Centre is keen to host such meetings to promote the exchange of expertise, support innovation, and contribute to grooming a generation of professionals capable of responding to future needs with efficiency and competence, said Al Nahdi.