AI Series Part 1: A Comprehensive Overview of the Role of AI for CPAs WEBCAST

Overview

This course provides a comprehensive overview of the role of AI in audits, compliance, tax, and accounting. It explores how AI enhances risk identification, automates audit procedures, and detects anomalies in financial data. Additionally, it covers implementation strategies for AI adoption within organizations, including workflow integration and staff training. Ethical and regulatory considerations, such as bias, transparency, data privacy, and compliance with professional standards, are also discussed. Furthermore, the course examines AI’s applications in tax preparation and research, including its use by CPAs and the IRS for enforcement efforts.

Highlights

Risk identification and materiality determinations. Automating audit procedures. Detection of anomalies and fraud. Compliance monitoring and regulatory reporting.

Prerequisites

None.

Designed For

CPAs, CEOs, CFPs, and other accounting professionals.

Objectives

Understand AI’s role in audit planning, risk assessment, and compliance monitoring. Identify how AI automates audit procedures and detects anomalies or fraud. Recognize factors for AI adoption, integration steps, and employee training needs. Address challenges and strategies for AI adoption in organizations. Understand AI applications in tax preparation, tax research, and IRS usage. Learn how to write effective ChatGPT prompts for tax research. Recognize regulatory, privacy, and security concerns in AI-driven accounting. Identify best practices for AI usage in accounting firms.

Preparation

None.

Notice

None.