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AI In Audit and Financial Reporting

Saturday, May 15   12:00pm - 1:06pm

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1.60 Credits

Member Price $39.00

Non-Member Price $59.00

Overview

Auditors and financial professionals must understand how to integrate AI responsibly while maintaining professional skepticism, audit quality, and compliance with regulatory expectations.


However, the use of AI also introduces new governance, ethical, and regulatory considerations that organizations must carefully manage.
This course explores how AI is currently being used in audit and financial reporting, the benefits and risks associated with its adoption, and how organizations can establish appropriate governance, controls, and oversight.

 

Objectives

  • Define artificial intelligence and explain how AI technologies are used in audit and financial reporting
  • Explore frameworks for Artificial Intelligence adoption
  • Identify key areas where AI can enhance audit procedures, risk assessment, and financial analysis
  • Examine an audit checklist of procedures to use when evaluation artificial intelligence
  • Identify applications for artificial intelligence in financial reporting
  • Examine a case scenario for an artificial intelligence risk assessment
  • Examine a case scenario that includes developing an artificial intelligence risk heat map

Highlights

  • Artificial Intelligence
  • Audit
  • Financial Reporting

Designed For

Financial Professionals Accountants Auditors Management (CEO, CFO, Board)

Prerequisites

None

Preparation

None

Notice

Your webinar can be accessed via https://ctcpas.acpen.com/. If you do not have an ACPEN account, please sign up for an account using the email address you have on file with CTCPA.

Leader(s):

Leader Bios

Lynn Fountain, CGMA, CRMA, MB, AICPA

Lynn Fountain, CGMA, CRMA, MBA

Lynn Fountain has over 45 years of experience spanning public accounting, corporate accounting and consulting. 20 years of her experience has been working in the areas of internal and external auditing and risk management. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance. Lynn has held two Chief Audit Executive (CAE) positions for international companies. In one of her roles as CAE, she assisted in the investigation of a multi-million-dollar fraud scheme perpetrated by a vendor that spanned 7 years and implicated 20 employees. The fraud was formally investigation by the FBI and resulted in 5 indictments estimating a $13M fraud loss.Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CPA, CGMA, CRMA credentials.

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Non-Member Price $59.00

Member Price $39.00