DataSnipper CEO Says AI Can Help Address Audit Labor Shortage

DataSnipper CEO Vidya Peters says artificial intelligence can help address a shortage of audit workers as the company expands a platform designed to automate complex financial review tasks.

The Amsterdam-based company launched Alwin on Sept. 22, 2026. The agentic platform is designed to automate multistep audit and finance procedures, process hundreds of documents, record each step and connect its outputs to excerpts from source materials.

Peters said certified auditors must retain responsibility for reviewing and approving AI-generated results. Alwin’s traceability features are intended to support that process by linking outputs to source data and logging the work performed.

Accounting students earning bachelor’s or master’s degrees fell to 55,152 during the 2023-24 academic year, a 6.6% decline from the previous year. Enrollment in accounting programs rose 12.4% in spring 2025.

About 115,300 accountant and auditor job openings are projected each year from 2025 through 2035, primarily because workers leave the occupation or need to be replaced.

DataSnipper’s 2026 survey of more than 200 audit and finance professionals found that 73% viewed AI as essential, while 13% had integrated it into a defined workflow. Trust in AI stood at 55% in the survey.

DataSnipper raised $100 million in a 2024 Series B led by Index Ventures at a $1 billion valuation. The company sells automation software to audit and finance teams, including all four major global accounting networks.

“Half the world is creating more data than ever before, half the world needs to verify it,” Peters said.

The company’s approach is to use automation to help existing professionals handle audit work while keeping responsibility for the results with human reviewers.