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Ep.#2 | How AI is Transforming and Disrupting Audit

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

Published : April, 2024

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Free (Only Today)

1 Credit

Subject Area

Auditing

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

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • AI's application in auditing is genuinely transformative
    3 mins
  • AI engine attempting to perform the directed test
    16 mins
  • Firms categorizing applications beneficial for human beings
    26 mins
  • Conversation about the term open AI
    37 mins
  • Accountant's adopting AI more and more overtime
    48 mins

Course Description

In today’s episode of W.T.F with Saul, we have Roberto Valdez, Product Owner and Director of Business Intelligence for Novogradac, a national CPA firm, to share insights and reflections on this fascinating topic.

In this episode, we discuss the evolving landscape of auditing with a focus on emerging technologies like AI and blockchain. We will explore how AI technologies are revolutionizing traditional audit methods, enhancing efficiency, and managing risks. 

As the discussion unfolds, we emphasize the significance of continuous learning and personal passion in staying ahead of the curve. This podcast will encourage professionals to embrace innovation and push boundaries, leveraging publicly available resources and investing in self-development. Whether you are an accounting professional, a business leader, or interested in technology's role in audit, this podcast offers invaluable insights into the future of audit practices.

Keep an ear out for further engaging conversations and tune in to our podcast series, "W.T.F with Saul," every Friday.

Discussion Highlights:

  • Understanding AI and Its Relevance to Audit
  • Practical Applications of AI in Audit
  • Opportunities and Challenges of AI-Driven Audit
  • Future Implications of AI on Audit and Accounting

Learning Objectives

  • Review the role of AI in transforming traditional audit methods.
  • Analyze how AI technologies enhance efficiency and manage risks in the audit process.
  • Gain insights into the practical applications of AI in audit, based on real-world examples.
  • Recognize the opportunities and challenges presented by AI-driven audit technologies.
  • Evaluate the future implications of AI on the accounting and audit professions.

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 CPE Credit of Internal Auditing 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 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 of Internal audit (Information Technology Risk and Advisory Services) 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 CPE Credit of Auditing for Certified Internal Controls Auditor (CICA)
  • 1 CPE Credit of Auditing for Qualification in Internal Audit Leadership (QIAL)
  • 1 CPE Credit of Auditing for Iowa Licensed Public Accountant (IA-LPA)
  • 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 CPE Credit of Auditing for Certified Controls Specialist (CCS)

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

Rob Valdez

Product Owner and Director of Business Intelligence, Novogradac & Company LLP

Rob Valdez is the Product Owner and Director of Business Intelligence for Novogradac, a national CPA firm. A member of the firm’s corporate innovation team, he oversees decision support applications and architectures. Rob is a motivated advocate for building trust in technology and an adjunct professor with Florida Atlantic University. He has been featured in the Wall Street Journal, TechRepublic, and the South Florida Business Journal.

About Company

Novogradac & Company LLP

www.novoco.com/

Novogradac is a national professional services organization. The Novogradac organization consists of affiliates and divisions providing professional services that include certified public accounting, valuation and consulting. Novogradac is headquartered in San Francisco, Calif. with more than 25 offices nationwide. The organization maintains clients in a broad range of industries with a major emphasis in the real estate sector, providing publicly and privately held national and multinational enterprises with a full spectrum of audit, tax, valuation, trust and litigation support and general consulting services.

Novogradac offers cost-effective audit, tax and consulting services to a variety of industries and clients, including nonprofits, government agencies, development and construction companies, real estate investment companies and securities firms. Examples of general consulting services include preparation of financial forecasts, pro formas, business advisory consulting services, tax consulting and tax compliance assistance, risk management services, cost segregation reports, defeasance transaction services and miscellaneous agreed-upon procedures reports. We take care to understand fully the nature of our clients' businesses and can provide tax and accounting advice as needed throughout the assignment.

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.

Ratings and Review

5

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AS

Adrienne Simmons, CPA (US)

May 7th, 2024

The information was very relevant and helpful.