AI In Audit and Financial Reporting
1.60 Credits
Member Price $39
Non-Member Price $59
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.
Highlights
- Artificial Intelligence
- Audit
- Financial Reporting
Prerequisites
None
Designed For
Financial Professionals Accountants Auditors Management (CEO, CFO, Board)
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
Preparation
None
Leader(s):
Leader Bios
Lynn Fountain, Sole Proprietor
Lynn Fountain, CGMA, CRMA, MBA, has over 30 years of experience in the business profession, which includes public and industry accounting and over 20 years within internal and external auditing combined. She is a nationally recognized trainer and speaker and also a published author. She is a subject matter expert and specializes in Internal Audit, Sarbanes-Oxley, Enterprise Risk Management, Fraud, Governance and Compliance. Ms. Fountain has held two Chief Audit Executive positions for international companies. She has also been instrumental in the establishment of ERM, Sarbanes-Oxley and Governance frameworks.
Ms. Fountain has developed and delivered leading edge training sessions on the new COSO framework and has assisted companies in identifying risk gap analysis in their individual processes. She currently executes two highly recognized e-workshops for the Institute of Internal Auditors, one on Fraud and the second on Ethics. Both workshops have incorporate aspects of COSO 2013.
Ms. Fountain is in the process of authoring a publication for the IIA Research Foundation on aspects of fraud auditing. The publication is due out in 2015. In addition, she has performed as an adjunct instructor for the School of Business for Grantham University and the School of Business at the University of Kansas. Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas.
Non-Member Price $59
Member Price $39