Even if managers have incomplete information or constraints, they still must make choices. This session provides advice for navigating rocky decision-making terrain encountered by managers who must make choices despite imperfect information and/or constrained resources. We explore ways to leverage available information to make effective decisions when seemingly critical details cannot be obtained. We also illustrate managerial accounting techniques for optimizing profitability when inputs or resources are constrained by supply chain disruptions or other limitations.
DESIGNED FOR
Financial Professionals Accountants Auditors Management (CEO, CFO, Board)
BENEFITS
- Define artificial intelligence and explain how AI technologies are used in audit and financial reporting
- Explore frameworks for Artificial Intelligence adoption
- Identify key areas where AI can enhance audit procedures, risk assessment, and financial analysis
- Examine an audit checklist of procedures to use when evaluation artificial intelligence
- Identify applications for artificial intelligence in financial reporting
- Examine a case scenario for an artificial intelligence risk assessment
- Examine a case scenario that includes developing an artificial intelligence risk heat map
HIGHLIGHTS
- Artificial Intelligence
- Audit
- Financial Reporting
PREREQUISITES
None
ADVANCE PREPARATION
None