Learn how you can use desktop AI tools like ChatGPT, Bing Chat, Jasper, Google Bard, or Perplexity in your audit work with attending our CPE event, “Is Your Audit Staff Using AI?”.

This event is designed for auditors who want to enhance their knowledge and skills in applying Artificial Intelligence (AI) to their audit processes. You will learn how to use desktop AI tools to perform various audit tasks, such as research, risk assessment, data analysis, and report writing. You will also learn how to critically evaluate the outputs of AI, identify and mitigate the risks and limitations of AI, and ensure compliance with professional standards and data privacy requirements.

AI is a technology that uses algorithms and data to perform tasks that normally require human intelligence, such as reasoning, learning, decision making, or natural language processing. Desktop AI tools are large language models that can help you generate natural language texts from structured or unstructured data. Tools like ChatGPT, Bing Chat can help you conduct effective research, find relevant information, and answer questions related to your audit work.

However, using AI also requires critical thinking skills, independent judgment, and risk management capabilities. You need to be aware of the ethical considerations, biases, and potential errors that may arise from using AI. You also need to protect the data security and privacy of your clients and stakeholders.

In this event, you will explore the fundamentals of desktop AI tools, their benefits and challenges, and their role in the internal audit process. You will see real-life examples and practical applications of how AI can be used in different audit scenarios. You will also have the opportunity to share your experiences, challenges, and best practices with other participants.

By attending this event, you will not only improve your knowledge and skills in using desktop AI tools but also strengthen your professionalism, ethics, and standards in internal auditing. You will also receive additional resources and references to support your ongoing learning and exploration of AI.

Don’t miss this opportunity to learn how to leverage desktop AI tools effectively in your audit work. Join us for this insightful and engaging CPE event today.

This is a two-hour CPE training event for internal auditors, compliance professionals, and others who want to improve their tradecraft skills

Each attendee will receive 2 CPE Hours in auditing (YB ). A certificate of completion will be provided.

Is your audit staff using AI?

$140.00

Quantity

Offered every six weeks on Fridays 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.
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.

The event emphasized the importance of tailoring the use of desktop AI to the organization's needs and context, while maintaining the auditor's critical thinking and independent judgment throughout the audit process.
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.
The major agenda items within this intense CPE training event are:

Introduction and Overview

Understanding desktop AI and the limitations

Best Practices for Using AI in Auditing

Case Studies and Practical Applications

Critical Thinking and Independent Judgment

Risk Management and Controls

Conclusion and Wrap-up
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.

Is your audit staff using AI?

Details on Event Presentation

CPE Event Highlights

Learning Objectives

Key Issues on the Agenda

NASBA Program Disclosure

Summary of the Subject Matter

Contact Us