Designing metrics is only half the challenge-making them work in practice is where most organizations struggle. This session focuses on applying metrics in real-world environments, including responsibility centers, profit centers, and service organizations. Participants will explore output measurements, controllable versus non-controllable costs, cost allocation challenges, and benchmarking. Case discussions illustrate how better information leads to better decisions and improved performance. Humorous videos will be incorporated to drive home some key points and keep things entertaining.
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