How AI is Automating Internal Control

Overview

The term “artificial intelligence” (AI) has become mainstream and while most have a laypersons understanding of the AI, few know the depth and breadth of this technologies capabilities. AI is affecting just about everything in business and in people’s personal lives. The operation of an internal control system is also changing because of this incredible advancement. This session explains what AI is and how it works and then goes into detail about how it can be applied to a system of internal control. The material speaks about changes occurring in today’s world as well as to what’s coming in the not too distant future.

Highlights

The topics discussed in this session include: An explanation of Artificial Intelligence (AI). Specific ways AI is replacing human cognition. What is on the internal control horizon related to AI and other technologies.

Prerequisites

None

Designed For

Accounting and other business professionals with a need to understand internal control changes driven by AI technology

Objectives

Once participants have completed this session, they should be able to: Recognize changes that are occurring because of AI; Recall specific control types that have changed, and Identify ways AI will strengthen controls