Is your audit staff using AI?
Unlock the future of auditing with the "Is Your Audit Staff Using AI?" CPE Training Event. Designed for internal auditors, compliance professionals, and audit managers, this 2-hour interactive seminar provides the essential tools and knowledge to harness the power of artificial intelligence, including ChatGPT, Bing Chat, and other cutting-edge desktop AI solutions. Learn how to modernize your audit processes, improve reporting accuracy, and enhance decision-making through actionable AI insights. With 2 NASBA-Approved CPE credits, this course ensures your team stays future-ready in a rapidly evolving industry.
Why Attend This AI 101 for Auditors?
Discover the Transformative Power of AI in Auditing - With tools like ChatGPT and Google Bard, your team can automate repetitive tasks, identify risks more effectively, and generate actionable audit reports—reducing time and improving quality.
Enhance Efficiency and Reduce Risks - Revolutionize team workflows by leveraging AI to process large datasets, identify trends, and deliver insights faster—all while minimizing human error and oversight risks.
Earn 2 CPE Credits - Expand your credentials and be recognized as a forward-thinking professional ready to integrate AI technologies into your daily audit tasks.
Strengthen Ethical and Critical Thinking Skills - Learn how to balance the capabilities of AI with human oversight to ensure compliance, data privacy, and unbiased decision-making tailored to your organizational standards.
What You’ll Learn About Audit Artificial Intelligence
This results-driven seminar equips participants with actionable insights to leverage AI tools for more strategic auditing practices.
1. Introduction to Desktop AI in Auditing
- Understand the fundamentals of AI tools like ChatGPT, Jasper, and Google Bard.
- Explore how these platforms assist in risk analysis, compliance reviews, and data interpretation with unparalleled precision.
2. Best Practices for AI Audit Integration
- Learn strategies to seamlessly incorporate AI into current auditing workflows.
- Discover methods to streamline project management and decision-making processes.
3. Mitigating AI Risks while Maintaining Auditing Standards Compliance
- Gain insights into managing AI-generated biases and adhering to ethical standards (e.g., GDPR compliance).
- Explore quality assurance measures to protect sensitive data and audit accuracy.
4. Practical AI Applications for Audit Teams
- Utilize real-life case studies to better understand how AI enhances automation, such as anomaly detection, reporting, and insights generation.
- Adopt step-by-step techniques to integrate AI tools confidently and efficiently.
5. Enhancing Collaboration Through AI Usage
- Automate repetitive audit routines to free up resources for strategic tasks.
- Use AI to simplify team collaboration on compliance-based projects and audit reporting.
AI 101 for Auditors Course Agenda
The "Is Your Audit Staff Using AI?" CPE Training Event follows a dynamic, interactive structure guiding participants through real-world challenges and solutions, including:
- Fundamentals of AI Usage in Auditing – Learn about leading AI tools and their potential applications within audits.
- Integration Strategies for Desktop AI – Discover proven methods to work smarter, not harder, with AI-powered technology.
- Addressing Ethical Considerations – Ensure compliance, manage risks, and uphold ethical standards.
- AI in Action – Case Studies – Analyze real-world examples of successful audits using AI tools.
- Overcoming Potential Pitfalls – Maintain integrity while navigating challenges with professionalism.
- Q&A and Networking – Collaborate with fellow auditors and industry experts to resolve questions and gain additional insights.
Benefits of Attending AI 101 Auditing Usage
- Boost Efficiency: Automate repetitive tasks, reduce error rates, and focus on higher-level audit functions.
- Improve Professional Standards: Gain confidence with AI tools to tackle complex audit challenges and confidently present findings.
- Enhance Reporting Accuracy: Optimize audit reports with AI-driven insights, ensuring clarity and compliance.
- Advance Your Career: Stand out with credentials and skills aligned with the latest technology-driven audit innovations.
Event Details
- When: Every 8 weeks on Tuesdays from 10 a.m. to 12 p.m. CST
- Mode: Online, live, interactive training
- Duration: 2 Hours
- Cost: $140
- Private Team Sessions Available: Enroll your team in tailored workshops designed around your organization's goals.
Who Should Attend?
If you're part of the auditing, compliance, or risk management landscape, this seminar is essential for:
- Internal Auditors: Strengthen your ability to produce impactful, data-driven reports.
- Compliance Professionals: Ensure adherence to regulations while leveraging AI for greater efficiency.
- Audit Managers and Leaders: Empower your team by introducing new tools and processes for improved performance.
Why AI in Auditing Matters
AI is revolutionizing modern auditing practices, enabling faster, more accurate analysis of large-scale data. Tools like ChatGPT provide auditors with the means to automate standard procedures, detect anomalies, and focus efforts on strategic risk management. This evolution not only saves time but enhances the quality of insights through better contextual understanding and adaptive learning capabilities.
By adopting these powerful tools, auditors can:
- Optimize Workflow Automation: Save time by automating repetitive auditing tasks.
- Improve Decision-Making: Generate data-backed insights with minimal effort.
- Ensure Proactive Compliance: Strengthen regulatory compliance frameworks with faster and more accurate data interpretation.
Call to Action
Don’t leave your audit team behind in the age of transformation—join the "Is Your Audit Staff Using AI?" CPE Training Event to learn how AI can elevate efficiency, streamline processes, and improve outcomes. Earn 2 CPE credits and gain the confidence to implement the future of auditing today.
Sign up now to unlock the potential of AI for your audit staff!
Details on Event Presentation
Offered every eight weeks on Tuesdays at 10:00 a.m. to 12:00 p.m. Central Time in two CPE-Credit event.
We can schedule private events on your timetable for two or more attendees.
CPE Event Highlights
The CPE training event focused on the utilization of AI by audit staff in the internal audit process. The event covered various agenda items to enhance understanding and provide guidance on incorporating AI effectively. The highlights of the event were as follows:
- Participants were warmly welcomed and provided with an overview of the event's objectives, emphasizing the benefits of using AI in auditing.
- The concept of AI was explained, including its functionality and operation, along with a discussion on the capabilities and limitations of AI in the audit context.
- Ethical considerations, biases, and potential risks associated with AI models were addressed.
- Guidelines were provided to effectively integrate AI into the audit process.
- Strategies for conducting research and gathering information using AI were shared, along with tips for critically evaluating and verifying the obtained information.
- Participants were guided on ensuring compliance with professional standards, data privacy, and confidentiality requirements.
- Real-life scenarios were presented to demonstrate how AI can be utilized by audit staff in various audit tasks, such as research, risk assessment, data analysis, and report writing.
- Outcomes and lessons learned from actual audit engagements where AI was used were discussed.
- The importance of maintaining critical thinking skills and independent judgment in the audit process was emphasized.
- Guidance was provided on when and how to validate AI's outputs through independent research and verification.
- Participants were encouraged to exercise caution and rely on their professional judgment when utilizing AI.
- Risks associated with using AI were discussed, and strategies to mitigate those risks were explored.
- The significance of data security, confidentiality, and protecting sensitive information while using AI models was highlighted.
- Internal controls and quality assurance measures for managing the use of ChatGPT within the audit function were examined.
Learning Objectives
Learning Objectives for the CPE Event:
- Understand the fundamentals of desktop AI
- Comprehend the limitations and risks of using AI
- Explore best practices for integrating AI into the audit process
- Enhance critical thinking skills and independent judgment
- Manage risks and ensure compliance
- Learn from real-life case studies and practical applications
- Foster a culture of continuous learning and professional development
- Explore the potential benefits and considerations of desktop AI usage in the audit profession.
Key Issues on the Agenda
Is your audit staff using AI?
Enhancing Audits with AI-Powered Tools
Presented by: John C. Blackshire, Jr., Retired CPA
Co-Founder, Corporate Compliance Seminars
Contact: johnb@cseminars.com | 479-200-4373Disclaimer: The opinions expressed by the presenter may not reflect the views of Corporate Compliance Seminars or referenced organizations. Materials are for personal use only; unauthorized reproduction or distribution is prohibited.
Welcome to Corporate Compliance Seminars
- Mission: Promote awareness of risks, controls, regulatory compliance, governance, security, and fraud prevention to improve business operations.
- Experience: Faculty members with over 25 years of expertise.
- Recognition: Proud sponsor of NASBA, offering Continuing Professional Education (CPE) credits.
Learning Objectives
- Understand the role of AI in internal audits.
- Learn how AI tools like ChatGPT, Bing Chat, and Jasper work.
- Explore AI’s advantages and limitations in audit processes.
- Enhance audit workflows using AI-powered insights.
- Address ethical and professional considerations in AI usage.
Overview of AI in Internal Audits
What is Internal Auditing?
- Definition: Independent, objective assurance and consulting activity designed to add value and improve operations.
- Mission: Enhance and protect organizational value through risk-based assurance, advice, and insight.
What is AI?
- Definition: Machines performing cognitive functions associated with human minds, such as learning, reasoning, and problem-solving.
- Applications: AI tools like ChatGPT can summarize complex documents, identify trends, and automate repetitive tasks at unprecedented speed and accuracy.
Generative AI:
- Adapts and learns patterns from data to produce probabilistic, flexible outputs.
- Supports tasks like document review, policy comparison, and anomaly detection.
Section 1: AI Tools for Auditors
Key Tools Revolutionizing Auditing:
- Natural Language Processing (NLP): ChatGPT, Jasper for report drafting and criteria comparisons.
- Machine Learning Platforms: SAS Analytics, RapidMiner for predictive insights.
- Robotic Process Automation (RPA): Automates data analysis and compliance checks.
- Fraud Detection Tools: ACL Robotics for real-time anomaly detection.
- Compliance Platforms: LogicGate for regulatory alignment.
Practical Applications:
- Use AI to analyze financial data and generate audit objectives.
- Streamline documentation and enhance internal controls.
Section 2: Integrating AI into Audit Processes
Audit Planning:
- Use ChatGPT to:
- Define audit objectives.
- Conduct preliminary research.
- Evaluate potential risks through scenario analyses.
Audit Fieldwork:
- Generate random samples for testing.
- Leverage AI for data visualization and anomaly detection.
Audit Reporting:
- Automate drafting and formatting of audit reports.
- Identify control gaps and process improvements.
Audit Follow-Up:
- Recommend re-testing methods and monitoring activities for remediated controls.
Section 3: Advantages and Limitations of AI Tools
Advantages:
- Reduces manual effort and enhances productivity.
- Provides consistent, 24/7 support for tasks.
- Increases accuracy and scalability of audit operations.
Limitations:
- May generate false or misleading information.
- Requires oversight to mitigate biases and errors.
- Vulnerable to misuse, such as cheating or spreading misinformation.
Ethical Considerations:
- Ensure transparency and accountability.
- Comply with data privacy regulations (e.g., GDPR, HIPAA).
- Maintain human judgment for critical decisions.
Section 4: Practical AI Use Cases for Auditors
Examples:
- Drafting internal audit plans tailored to specific industries.
- Reviewing compliance documents for regulatory alignment.
- Benchmarking internal controls against industry standards.
- Automating risk assessments for rapid identification of high-risk areas.
Case Study:
- ChatGPT-generated audit objectives for a corporate hotline evaluation:
- Assess accessibility, policy alignment, reporting mechanisms, and follow-up procedures.
- Identify areas for improvement based on best practices.
Section 5: Future Implications of AI in Auditing
- Continuous Learning: AI tools evolve with user input and feedback.
- Advanced Features: Integration with multimodal platforms for image, text, and data analysis.
- Ethical AI Development: Prioritize safeguards to ensure responsible usage.
Final Thoughts:
- Embrace AI as a complement to traditional auditing.
- Stay informed about technological advancements.
- Focus on continuous skill development to maximize AI’s potential.
Thank You! Questions and comments are welcome.
Contact: John C. Blackshire, Jr., CPA | johnb@cseminars.com | 479-200-4373.NASBA Program Disclosure
Program Level of Understanding: Intermediate - Advanced
Prerequisites: None
Advance Preparation: None
Delivery Format: On-site Training (Group-Live); Seminar (Group-Live)
NASBA Field(s) of Study: Auditing
CPE Credits: 2, based on 50 minutes of instruction per hour
Summary of the Subject Matter
An auditor can utilize AI in their day-to-day work in several ways:
- Research and Information Gathering: AI tools can be used to quickly retrieve information, definitions, regulations, or industry standards. It can assist in conducting preliminary research on audit topics or provide access to up-to-date information that may be helpful in understanding complex concepts or regulations.
- Scenario Analysis and Risk Assessment: AI tools can help in performing scenario analyses by providing insights or assisting in evaluating potential risks associated with specific situations or business processes. It can simulate different scenarios based on the inputs provided by the auditor, allowing for better risk assessment and decision-making.
- Documentation and Report Writing: AI tools can assist in generating well-structured and concise documentation. It can help internal auditors by suggesting appropriate templates, providing guidance on report writing best practices, or offering language assistance to improve the
- Professional Development and Training: AI tools can serve as a learning resource for auditors by answering questions related to auditing standards, methodologies, or professional guidelines. It can provide guidance on continuing professional education (CPE) topics, offer case studies for training purposes, or facilitate discussions on complex audit issues.
It is important to note that while AI can provide valuable assistance, it should not replace critical thinking, professional judgment, or independent verification. Internal auditors should use their expertise and exercise caution when relying on AI models, ensuring that the information obtained aligns with recognized standards and organizational requirements.