Mastering the Machine: Using AI to Audit Smarter, not Harder!

09/19/2024

10:00 am - 12:00 pm

Online

Summary

This course will equip internal auditors with the knowledge and practical skills to effectively integrate AI technologies into all parts of the audit process.

Learning Objectives

In this session, participants will learn:

A brief overview of AI and key concepts
How AI technologies can be applied to streamline audit processes and enhance risk assessments
Practical methods for integrating AI tools into all phases of the audit

Session Outline

Fundamentals of AI
- Learn the key concepts and terminology related to AI, including machine learning, neural networks, and natural language processing
- Gain insights into various AI technologies and their applications
AI Technologies + Internal Audit
- Discover how AI can automate repetitive audit tasks
- Learn how AI enables advanced data analytics, including predictive modeling and anomaly detection, to improve the accuracy and depth of risk assessments
AI in all Phases of the Audit
- Develop strategies for using AI in audit planning, including identifying audit objectives, defining scope, and selecting appropriate AI tools and algorithms.
- Learn how AI-generated insights can enhance audit reports with clear, actionable findings, supported by data-driven evidence
- Establish frameworks for continuous AI integration in audit processes

Deadline to Register: September 12, 2024

Cost: Members $75, Non-members $150, Students $25

CPE: 2

Learning Level: Beginner/Intermediate

Field: Auditing/Information Technology

Format: Virtual - Zoom

Elizabeth McDowell CPA, CIA
Founder, Audit Forward

Elizabeth McDowell, CPA, CIA has nearly 20 years of audit experience and is the founder of Audit Forward, an innovative internal audit consulting and training firm. Elizabeth is passionate about advancing and advocating for the internal audit profession and was recently recognized as one of the 2023 Internal Audit Beacons by Richard Chambers. Elizabeth makes auditing and training fun (no, really!) with the help of her mascot, Audie the Internal Otteror. In addition to training and consulting, Elizabeth is an adjunct Professor of Accounting at Front Range Community College.

Elizabeth’s most recent industry experience was at Achieve, where she was Sr. Director, Audit Strategy; prior to that, she held internal audit leadership roles at Elevations Credit Union, Fidelity Investments, and Xcel Energy after first starting her career at Ernst & Young.

Elizabeth prides herself on bringing agile audit techniques to organizations. Elizabeth is a dynamic, engaging, and enthusiastic public speaker who presents virtually and in-person to IIA chapters, Association of Certified Fraud Examiner chapters, governmental groups, and more. Read more about Elizabeth here: https://www.auditforward.com