The Impact of Machine Learning on Auditors
Overview
Headlines abound saying that artificial intelligence (AI) will eliminate the need for auditors. In reality, AI provide an excellent opportunity for auditors to automate more routine procedures and focus on delivering more value-added insights to help improve an organization’s performance or risk mitigation. Conversely, the use of AI can also have some adverse results if not managed properly. Auditors must be aware of these risks and work to ensure that the proper controls are in place to manage the risks introduced to their engagements with Robotic Process Automation (RPA) and AI. Learn more about these technologies and their implications to the skills and knowledge needed to be an effective auditor in the future NOW.
Prerequisites
Basic understanding of risk and controls
Designed For
Auditors
Objectives
- Identify automation opportunities and the technology that is most likely to be appropriate for the opportunity
- Identify the risks associated with automation and AI opportunities
- Describe how to evaluate the value of an automation opportunity
Leader(s):
Leader Bios
Donny Shimamoto, Intraprise TechKnowlegies LLC
Donny is the founder and managing director of IntrapriseTechKnowlogies LLC, an advisory-focused CPA firm focused on innovation acceleration and organizational development for small businesses, middle market organizations, and nonprofits. Donny is a recognized thought leader and educator in the fields of accounting technology, IT risk management, and performance management. His dedication to helping accountants and organizations strategically leverage technology while proactively managing their business and technical risk is paramount. Donny also serves as an business transformation advisor and outsourced “IT partner” for local & regional firms, finance departments, and internal audit departments who lack in-house IT executive leadership and IT audit expertise; He helps with risk assessments, IT-related advisory services, development of innovation strategies, streamlining of internal firm/department operations, and increasing staff proficiency with IT tools supporting internal operations and accounting/audit services delivery. Donny was recognized as one of the Top Thought Leaders in Public Accounting by CPA Practice Advisor from 2012 to 2020, Top 100 Most Influential People in Accounting (2013/2014/2017-2020) by Accounting Today, received the 2009-2010 President’s Award from the Hawaii Society of CPAs, was named to CPA Technology Advisor’s 40 Under 40 list in 2007 & 2009 & 2014, and was also a Hawaii Top High Tech Leader in 2004.
Non-Member Price $70.00
Member Price $50.00