Event Outline

This practical seminar demonstrates how AI can enhance financial statement audits across planning, risk assessment, and substantive testing. Participants will learn to use AI for trend analysis, contract review, accounting standard application, and scanning board minutes. The session also covers writing effective prompts, identifying common weaknesses in AI-generated outputs (e.g., incorrect facts, overconfident conclusions), and applying these techniques through an integrated case study.

Event Modules

· AI in audit planning – comparing financial data, identifying unusual trends, preparing management inquiry questions, generating risk observations

· AI in testing – extracting key terms from agreements, reviewing revenue contracts, identifying accounting issues with standards, scanning board minutes and correspondence

· Writing effective prompts – for audit procedures, issue summaries, comparison analysis, exception detection, and question generation

· Recognizing weaknesses in AI responses – incorrect/missing facts, unsupported assumptions, wrong standard references, overconfident conclusions

· Integrated case study – applying AI tools to real-world audit tasks

Key Takeaways

· Ability to use AI for faster, more consistent audit planning and risk assessment

· Skills to extract and analyze contract terms and board minutes using AI

· Practical prompt-writing techniques for relevant, complete, and reviewable outputs

· Competence in spotting and mitigating common AI errors (hallucinations, missing facts, wrong standards)

· A complete case example demonstrating AI integration into an audit workflow

Who Should Attend

· External and internal auditors

· Audit managers and partners

· Financial statement preparers and reviewers

· Accounting and assurance professionals interested in AI adoption

· Compliance and risk management officers