myCPE
myCPE

AI Applications in Audit and Regulatory Compliance 0.5 Credit

AI Applications in Audit and Regulatory Compliance 0.5 Credit

AI Series - Audit & Compliance

  • Rating

    4.7
  • Published on

    April, 2024
  • Subject Area

    Auditing

Learning mode

E-Book
  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate

Learning Objective

  • Recognize AI's role in audit planning and risk assessment.
  • Identify how AI can automate audit procedures.
  • Recognize AI techniques for detecting anomalies and fraud during audits.
  • Identify AI's application in compliance monitoring.

Course Overview

AI plays a pivotal role in audit planning and risk assessment through its adept utilization of advanced data analytics. By sifting through extensive financial and non-financial data, AI empowers auditors to pinpoint potential risks more efficiently, encompassing fraud, errors, and compliance discrepancies.

This course provides a deep dive into the transformative role of AI in audit planning, risk assessment, and compliance tasks. Through advanced data analytics and machine learning techniques, AI enables auditors to sift through extensive financial and non-financial data with unparalleled efficiency, identifying potential risks such as fraud, errors, and compliance discrepancies.

Explore the cutting-edge applications of AI in audits and compliance, from setting materiality thresholds to automating audit procedures like data analysis and testing. Learn how AI tools can detect anomalies and fraud by spotting unusual patterns in financial data and transactional records. Dive into real-world case studies showcasing AI's role in fraud detection and prevention, providing you with practical insights to enhance your professional skills and stay ahead in the dynamic landscape of audit and compliance.

Key topics covered in this CPE Auditing Course:

  • AI for Risk Identification
  • Materiality Determinations with AI
  • Advanced Data Analysis Algorithms
  • Fraud Detection and Prevention
  • Compliance Monitoring Technologies
  • Regulatory Reporting Automation
  • Case Studies: AI Applications in Auditing

Join us to unlock the power of artificial intelligence and revolutionize your approach to audit and compliance. Stay ahead of the curve and maximize efficiency in your audit processes with our comprehensive course on AI in audit and compliance.

On Demand Credits for All Qualifications

License details Credits Status
Auditing for Certified Public Accountants (CPA-US) 0.5 CPE Approved
Internal Auditing for Certified Internal Auditors (CIA) 0.5 CPE Eligible
Auditing for Certified Management Accountants (CMA) 0.5 CPE Eligible
Auditing for Delaware Licensed Public Accountant (DE-LPA) 0.5 CPE Eligible
Auditing for Certified Government Financial Manager (CGFM) 0.5 CPE Eligible
IT considerations to the financial statement audit for Certified Information Technology Professionals (CITP) 0.5 CPD Eligible
Auditing for Certified Fraud Examiner (CFE) 0.5 CPE Eligible
Auditing for Internal Audit Practitioner (IAP) 0.5 CPE Eligible
Auditing for Certification in Risk Management Assurance (CRMA) 0.5 CPE Eligible
Auditing for Certified Internal Controls Auditor (CICA) 0.5 CPE Eligible
Auditing for Certified Financial Forensics (CFF) 0.5 CPD Eligible
Auditing for Qualification in Internal Audit Leadership (QIAL) 0.5 CPE Eligible
Auditing for Iowa Licensed Public Accountant (IA-LPA) 0.5 CPE Eligible
Auditing for Maine Licensed Public Accountant (ME-LPA) 0.5 CPE Eligible
Auditing for Certified Controls Specialist (CCS) 0.5 CPE Eligible
Auditing for Certified Government Auditing Professional (CGAP) 0.5 CPE Eligible
License details Credits Status
Auditing for Certified Public Accountants (CPA-US) 0.5 CPE Approved
Internal Auditing for Certified Internal Auditors (CIA) 0.5 CPE Eligible
Auditing for Certified Management Accountants (CMA) 0.5 CPE Eligible
Auditing for Delaware Licensed Public Accountant (DE-LPA) 0.5 CPE Eligible
Auditing for Certified Government Financial Manager (CGFM) 0.5 CPE Eligible
IT considerations to the financial statement audit for Certified Information Technology Professionals (CITP) 0.5 CPD Eligible
Auditing for Certified Fraud Examiner (CFE) 0.5 CPE Eligible
Auditing for Internal Audit Practitioner (IAP) 0.5 CPE Eligible
Auditing for Certification in Risk Management Assurance (CRMA) 0.5 CPE Eligible
Auditing for Certified Internal Controls Auditor (CICA) 0.5 CPE Eligible
Auditing for Certified Financial Forensics (CFF) 0.5 CPD Eligible
Auditing for Qualification in Internal Audit Leadership (QIAL) 0.5 CPE Eligible
Auditing for Iowa Licensed Public Accountant (IA-LPA) 0.5 CPE Eligible
Auditing for Maine Licensed Public Accountant (ME-LPA) 0.5 CPE Eligible
Auditing for Certified Controls Specialist (CCS) 0.5 CPE Eligible
Auditing for Certified Government Auditing Professional (CGAP) 0.5 CPE Eligible

Additional Information

Credits

0.5

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Author

Kelen is a recognized author and reviewer of CPE courses and has authored over 150 courses (370+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics.  His courses are available for purchase from many online CPE providers including the AICPA.  Kelen remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam.  He also serves as an Editorial Advisor for the AICPA’s "Journal of Accountancy".    

Kelen has nearly 20 years of progressive finance and accounting experience. He currently serves as a Principal in Accounting Policy with HP in Doha, Qatar.  Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

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SS

Samantha Slicker, CPA (US)
5

Very good and easy to read/flowing article.

JB

Jonathan Bennett, CPA (US)
5

AI is cutting edge and exciting

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Inclusions
  • Multiple Credits
    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

  • Credit Tracker
    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault
    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders
    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access
    Mobile App Access

    The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support
    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

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  • 500+ Emerging Subject Areas
  • 50+ State- Specific Ethics Courses
  • 100+ Conferences with Access to Industry Events
  • 250+ FastTrack Compliance Packages

    Pre-selected courses for quick compliance

  • Exclusive Mobile App Access
  • Access to Professional Communities

    Connect with like-minded professionals on Teams.

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