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Figuring Out: Future of Audit with AI and Data Lakes | Podcast #EP14

  • CRMA
  • CPA/CFF
  • CFE
  • CGAP
  • CGFM
  • CISA
  • CPA/CITP
  • CIA
  • CMA
  • CPA (US)
  • IAP
  • QIAL
  • IA LPA
  • ME LPA
  • DE LPA
  • CICA
  • CCS

Published : October, 2024

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Free (Only Today)

1 Credit

Subject Area

Auditing

Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • How to improve an audit quality
    5 mins
  • The approach to Intelligent Data Management is to scan document using OCR Technique
    15 mins
  • Pre validating the documentation and testing creates solid foundation in Audit
    25 mins
  • Black Rock Approach
    32 mins
  • Intelligent Data Management Architecture inside the Firm
    41 mins

Course Description

Imagine a world where manual processes and outdated data management systems no longer burden financial audits. How would your firm benefit from real-time data analysis and AI-driven automation?  

In this Episode, John Craig, CEO of Vigilant AI, discusses the transformative impact of artificial intelligence and machine learning in the audit space. We explore how financial data management is evolving through contextualized data lakes, automation, and AI-driven analysis and why it’s time for the accounting industry to embrace standardized approaches to data management. We’ll also discuss the role of AI in tackling decentralized data management challenges and the potential pitfalls of technologies like blockchain and data swamps.  

Key topics discussed: 

  • Data Lakes. 
  • Blockchain Limitations. 
  • Audit Efficiency. 
  • AI-Driven Automation. 

Whether you're an accountant, auditor, or business owner, this Episode offers practical insights into the future of audit innovation. Tune into this CPE Podcast to learn more about how Vigilant AI shapes the future of financial audits and where the industry is headed.

Learning Objectives

  • Discuss the common issues around decentralized data management, inefficiencies from Excel-based workflows, and the risks associated with data silos.  
  • Explain the importance of building contextualized data lakes to manage structured and unstructured financial data, avoiding the creation of “data swamps. 
  • Explore how AI can improve the accuracy of financial audits by pre-calculating data and cross-correlating financial documents.  
  • Identify the advantages of using AI to automate routine audit tasks and identify anomalies.  
  • Review the need for standardized approaches to data management in the accounting industry.  
  • Explore the potential for continuous audits and how AI might eliminate manual processes. 

Course Qualification

Webinar Qualifies For

  • 1 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
  • 1 General Credit of Auditing for Accountant/Bookkeeper/Tax Professionals
  • 1 CPD Credit of Auditing for CPA in Canada
  • 1 CPE Credit for Certified Internal Auditors (CIA)
  • 1 CPE Credit of Auditing for Certified Fraud Examiner (CFE)
  • 1 CPE Credit of Auditing for Certified Management Accountants (CMA)
  • 1 CPE Credit for Certified Information Systems Auditor (CISA)
  • 1 CPE Credit of Auditing for Certification in Risk Management Assurance (CRMA)
  • 1 CPD Credit of Auditing for Certified Financial Forensics (CFF)
  • 1 CPE Credit of Auditing for Certified Government Financial Manager (CGFM)
  • 1 CPD Credit for Certified Information Technology Professionals (CITP)
  • 1 CPE Credit of Auditing for Certified Government Auditing Professional (CGAP)
  • 1 CPE Credit of Auditing for Internal Audit Practitioner (IAP)
  • 1 CPD Credit for Association of Chartered Certified Accountants (ACCA)
  • 1 CPD Credit for Chartered Accountant - ICAEW
  • 1 CPE Credit of Auditing for Certified Internal Controls Auditor (CICA)
  • 1 CPE Credit of Auditing for Iowa Licensed Public Accountant (IA-LPA)
  • 1 CPE Credit of Auditing for Qualification in Internal Audit Leadership (QIAL)
  • 1 CPE Credit of Auditing for Certified Controls Specialist (CCS)
  • 1 CPE Credit of Auditing for Maine Licensed Public Accountant (ME-LPA)
  • 1 CPE Credit of Auditing for Delaware Licensed Public Accountant (DE-LPA)
  • 1 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 1 CPD Credit for Chartered Accountants - Scotland
  • 1 CPD Credit for CPA - Ireland

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    QAS Self Study
  • 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 through its website: www.NASBARegistry.org.

Presenter

Expert Speaker

John Craig

Chief Executive Officer (CEO), Vigilant AI

John is the CEO of Vigilant AI, which he co-founded to help auditors and accountants leverage AI to more automate linking and testing business process documentation against accounting entries for higher quality outcomes. A graduate of the University of Waterloo, John has over 25 years of experience in bringing new technologies to market and had a previous senior role with the market leading audit analytics firm, MindBridge. A winner of the 2013 Ottawa Chamber of Commerce “40 Under Forty” Award, John proudly resides in Ottawa, Canada.

About Company

We will provide your team with the latest AI, machine learning platform to enable a faster, more complete audit. Our team has developed a unique approach to create a fully contextualized data lake for each client engagement, allowing them to automatically link all available documentation to every accounting entry selected for review.

Host

Saul Sony

Director - Partner Success, my-CPE

Saul Sony is the Director of Partner Success at MY-CPE, a leading continuing education platform serving professionals across Accounting, Tax, Audit, IT, Finance, and HR domains in the United States, Canada, and the United Kingdom. Saul’s dedication and expertise have been instrumental in advancing MY-CPE’s mission to provide high-quality, accessible, and affordable education to professionals worldwide. 

Under his leadership, MY-CPE has grown its offerings and reach, establishing itself as a leader in the field of professional education. Saul continues to explore new avenues to enrich the professional growth of thousands of learners, staying true to his passion for education and empowerment.

About Company

my-CPE

my-cpe.com/

myCPE is an online platform that offers continuing professional education (CPE) courses for accounting, finance, and tax professionals. It provides a wide range of webinars, self-study courses, and other learning resources to help professionals meet their CPE requirements and stay updated on industry trends and regulations. myCPE offers courses in various formats and topics, including accounting, auditing, tax planning, ethics, and technology-related subjects. The platform is designed to be convenient and accessible, allowing professionals to earn CPE credits at their own pace and on their preferred devices.

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.
  • For Refund and Complaint Resolution Policy, CLICK HERE.

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