Should CPAs in public practice use Agentic AI? How? What should I not do? Join us to review how to use AI to assist in Assurance engagements, including testing internal controls.
Agentic AI (‘Artificial Intelligence’) is rapidly being deployed by leading audit, compliance, and finance teams. While AI agents are not yet replacing all of today’s knowledge workers like auditors, accountants, and IT security professionals, the knowledge workers that effectively use Agentic AI may soon be replacing those knowledge workers who do not use these tools to drive high quality business growth and scale.
AI is moving beyond automation to become a true teammate, especially in the governance, risk, and compliance processes. This session will show how supervised AI agents can work alongside accountants, auditors and IT security professionals to enhance efficiency, consistency, and assurance quality.
Of critical importance is training and supervision so that the AI agents accomplish their testing to the intended quality standards. Attendees will leave with a practical view of how AI-powered testing can be applied to both internal and external assurance.
DESIGNED FOR
Anyonne responsible for preparing or attesting upon financial statements
BENEFITS
- Identify the latest accounting and financial reporting requirements of the expected credit loss model for certain financial instruments
- Recall answers to frequently asked questions related to applying the new requirements to nonpublic entities that aren’t financial institutions
HIGHLIGHTS
- Principles behind the new expectation credit loss model
- Acceptable methods for evaluating expected credit loss for certain financial instruments
- Enhanced disclosure requirements common for nonpublic entities
PREREQUISITES
None
ADVANCE PREPARATION
None