#Japan #Tokyo #AI Agent #Sapeet #Gyosei Audit

Revolutionizing Audit with AI

Sapeet, a Tokyo-based venture originating from the University of Tokyo, has teamed up with Gyosei Audit Corporation to launch a cutting-edge AI agent designed to significantly enhance the audit process. This innovative project has already demonstrated a remarkable reduction in investigation time by an astounding 87%, allowing auditors to focus on more complex analysis and decision-making tasks.

Background and Objectives

In today's fast-paced business environment, auditors face increasingly challenging complexities. Keeping abreast of the latest external information and distinguishing high-quality data from an abundance of resources are critical to maintaining and enhancing audit quality. As companies navigate Public Offering (IPO) and Mergers & Acquisitions (M&A) processes, auditors are required not only to excel in their core audit functions but also to adapt to a changing landscape that demands efficiency and security in handling sensitive information.

Sapeet's proven track record in implementing generative AI and structuring knowledge uniquely positions it to address these challenges. The collaboration aims to merge Gyosei Audit Corporation's extensive auditing expertise with Sapeet's advanced AI technology to develop a state-of-the-art system tailored to meet the unique demands of the audit industry.

System Overview and Implementation Impact

The newly developed AI system allows users to input the name of a target company, after which the AI efficiently gathers public information, including securities reports and timely disclosure data. Utilizing Gyosei's extensive knowledge, the AI conducts multi-faceted analyses, providing summaries and identifying specific risks based on macro and micro environmental factors. This automation liberates auditors from tedious information gathering, allowing them to refocus their efforts on high-level evaluations and judgements, thereby enhancing the overall quality of audits.

Key Contributions from Sapeet

1. Knowledge Structuring: Sapeet has redefined the granularity and perspective of information required by auditors, ensuring that the AI can replicate the essential elements of the auditing process consistently and reliably.

2. Secure System Environment: The AI agent has been developed within a secure AWS cloud environment that safely handles sensitive data within a closed network, ensuring confidentiality and compliance while enabling operational efficiency and scalability for future enhancements.

3. Expert Research AI Agent: Leveraging its strengths, Sapeet has tailor-made an Expert Research AI Agent for the audit sector that consolidates data collection, analysis, and risk identification into a seamless process. This clear division of labour allows the AI to handle large volumes of data efficiently, while auditors can concentrate on risk assessment and final conclusions, optimising both speed and precision.

As a result of this innovative system, Gyosei Audit Corporation has successfully reduced investigation times by an impressive 87%. By transitioning crucial tacit knowledge into shareable insights, they've broadened the scope of analysis and enhanced the accuracy of risk identification, ultimately improving audit quality.

Future Prospects

The initial implementation includes fundamental capabilities; however, the vision is to integrate a 'Knowledge Cycling' approach, aiming for continued development. By facilitating knowledge sharing and accumulation across the organization, auditing can simultaneously improve efficiency and quality. Feedback from users will be utilized to further enhance the system, ensuring practicality and ease of use in real-world audit settings.

Sapeet and Gyosei Audit Corporation are committed to pioneering new standards in auditing practices in this era of emerging AI technologies.

About Gyosei Audit Corporation

Gyosei Audit Corporation is a professional collective dedicated to audit, accounting, and tax services. By fostering a unique organizational culture and providing high-quality services, Gyosei contributes significantly to the development of the Japanese economy and communities.

• - Location: 6-11, Tokyu Bancho Building, 4 Bancho, Chiyoda, Tokyo
• - Representative: Chairman Takada Atsushi
• - Website: Gyosei Audit Corporation

About Sapeet

Sapeet is a venture that amplifies the core value of businesses through its Expert AI initiative, deriving insights from unique corporate knowledge to bolster competitive advantage. Sapeet specializes in communication AI and body analysis AI, promoting the establishment of collaborative frameworks between AI and humans.

• - Location: 5-13-18 Mita, Minato, Tokyo
• - Representative: CEO Tsukiyama Eiji
• - Market Listing: Tokyo Stock Exchange Growth (Code: 269A)
• - Website: Sapeet