Big data and AI are transforming businesses and helping companies to improve audits and risk analysis. Cross-disciplinary auditing talents are in great demand. In response to this trend, a collaboration pact was signed between CYUT and Jacksoft Commerce Automation Ltd. (Jacksoft) on 9 Jan to promote RegTech (Regulation Technology) and nurture AI audit talents. Jacksoft is a leading company specializing in RegTech, Computer Auditing, and Enterprise Risk Management. They generously donated JCAATs-AI Audit Software, which costs NT$10 million, to facilitate CYUT's becoming a member of the International Computer Auditing Education Association (ICAEA). The signing ceremony also included a demonstration by Jacksoft to show how the software helps companies practice ESG and move toward sustainable innovation.

Cheng Tao-Ming, President of CYUT, expressed his deepest gratitude to Jacksoft for their support and technology transfer. Since 2007, the Department of Accounting has invested more than NT$10 million to set up the Accounting & Auditing Virtual Laboratory equipped with commonly-used ERP (Enterprise Resource Planning) systems, Business Intelligence, accounting and auditing software. Over a hundred students are trained to attain the ERP and JCCP (Jacksoft Certified CAATs Practitioner) licenses each year. The collaboration with Jacksoft and ICAEA will strengthen the cross-disciplinary teaching capacity of the Department in RegTech and digital governance technology and focus on AI data analysis and automated processes to enhance students’ competitiveness.

Sherry Huang, Chief Executive Officer of Jacksoft, mentioned that JCAATs-AI audit software is a new generation of audit software developed by the company. On top of the data analysis functions of traditional computer-aided audit tools, the software also includes text mining, machine learning, and data crawling to facilitate the implementation of corporate governance digitalization and risk management. JCAATs can be applied to carbon footprint verification and calculation, money laundering control, financial auditing and risk management, and government auditing, leading business management to a new phase.