Utilizing AI in Financial Statement Audits: Analyzing Data, Minimizing Risks, Implementation Strategies
Recording of a 110-minute CPE video webinar with Q&A
This webinar will take a look at how artificial intelligence (AI) is changing the audit process. Our panel of financial reporting veterans will address how accounting and auditing professionals can use current technology to increase the accuracy of financial statement examinations and expedite the process.
Outline
- Utilizing AI and technology in financial statement audits: introduction
- How AI is currently being used in financial statement examinations
- Caveats of using current technology and AI
- Implementing AI
- Best practices
Benefits
The panel will review these and other critical issues:
- Strategies for incorporating current technology in financial statement audits
- Ensuring the security of data used for analytical review
- Steps to minimize AI hallucinations and invalid results
- How AI can be used to expedite financial statement examinations and preparation
Faculty
Dr. Mfon Akpan, CGMA
Assistant Professor of Accounting
Methodist University
Mr. Akpan’s area of expertise is generating an estimated valuation of earned social media from corporate social... | Read More
Mr. Akpan’s area of expertise is generating an estimated valuation of earned social media from corporate social responsibility engagement to generate an estimated return on investment and trend analysis. His professional activities include serving as a steering committee member for the American Accounting Association’s (AAA) Conference on Teaching and Learning in Accounting (CTLA) and planning committee member for the AAA’s Teaching, Learning and Curriculum Section (TLC). Mr. Akpan is a five-time TEDx speaker, and his most recent TEDx talk gives practical steps on how we can return to life after the COVID-19 pandemic. He is a doctoral candidate in Accountancy at Indiana Wesleyan University.
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Dr. Scott Dell, CPA, DBA
Assistant Professor of Accounting
Francis Marion University
Dr. Dell, CPA, DBA joined the faculty of Francis Marion University in Florence, SC in 2019 as an Assistant Professor.... | Read More
Dr. Dell, CPA, DBA joined the faculty of Francis Marion University in Florence, SC in 2019 as an Assistant Professor. Serving his previous institution in the Midwest for thirteen years as Accounting Program Director, he has been able to contribute to his student’s development by integrating a variety of tools into his classroom. Not only have these resources enhanced his student’s hard skills and technical knowledge, but they have also improved their soft skills and ability to succeed in academia and the work place. Dr. Dell recently received the Accounting Educator Award for 2018 from the Wisconsin Institute of CPAs. He is certified as a CPA and holds an MBA from the Wharton School, an MAE from Marian University, and a DBA from the University of Wisconsin – Whitewater. Dr. Dell brings real-world experiences, based on previous entrepreneurial, Big 4 and military service, to the classroom.
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