This course provides an overview of how AI is used in audits and compliance tasks. It discusses how AI helps auditors identify risks by analyzing large amounts of data and setting materiality thresholds based on historical data and industry standards. It also addresses how AI tools can be also automate audit procedures like data analysis and testing and how AI can detect anomalies and fraud by spotting unusual patterns in financial data and transactional records.

The other Segments of this series 'Artificial Intelligence (AI) Essentials for CPA' are:
AI Series - Introduction to Artificial Intelligence
AI Series - Technologies in Accounting Software
AI Series - Ethics and Regulations
AI Series - Leveraging AI for Data Analysis and Reporting
AI Series - Audit and Compliance
AI Series - Considerations in Tax Preparation and Research
AI Series - Considerations for Organizations When Adopting AI
AI Series - Future Trends in AI and Software for CPAs

NOTE: There is a 8 CPE Credit Hours combined course also available:
AI Essentials for CPA - Exploring Cutting-Edge Technology (Text Based Course)

Learning Objectives
  • Recognize AI's role in audit planning and risk assessment.
  • Identify how AI can automate audit procedures.
  • Recognize AI techniques for detecting anomalies and fraud during audits.
  • Identify AI's application in compliance monitoring.
Last updated/reviewed: March 8, 2024
6 Reviews (20 ratings)

Reviews

4
Anonymous Author
I am not involved in auditing, but I am seeing more of this coming into the accounting area. I do see additional requests for data from the auditors that I know they are using systems to test it.

5
Anonymous Author
Great class. Learned a lot. It was very informative of how AI is changing the audit world.

5
Anonymous Author
I have enjoyed the AI series, including this course. Very timely topic.

5
Anonymous Author
Thanks this is a great overview of AI applications in auditing.

5
Anonymous Author
Great insight into utilization of AI for audit tasks

5
Anonymous Author
Good introductory course on the use of AI in Audit

Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
COURSE MATERIAL
  AI Series - Audit and Compliance (Text Based Course)PDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam