BarbriSFCourseDetails
  • videocam On-Demand
  • signal_cellular_alt Intermediate
  • card_travel Accounting
  • schedule 110 minutes

Utilizing AI in Financial Statement Audits: Analyzing Data, Minimizing Risks, Implementation Strategies

$197.00

This course is $0 with these passes:

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Description

AI and the latest technology can increase efficiency and reduce costs. AI can assist auditors in analyzing and evaluating mass quantities of data quickly and in real time. It can help document review processes, generate planning documents, and even predict future audit risks and trends.

The benefits are remarkable, but accountants, auditors, and businesses need to thoroughly evaluate and manage the relative risks associated with the latest technology. AI is subject to hallucinations. Its parameters must be appropriately defined and monitored. Ensuring the data used is secured properly is a paramount concern. Implementing and modifying current accounting and auditing processes is a significant undertaking. However, the explosive growth of these technologies has made it a necessity. Financial professionals must thoroughly grasp best practices for utilizing AI and current technology when preparing and examining financial statements.

Listen as our panel of accounting and auditing technology experts reviews the pros and cons of using AI in preparing and assessing the validity of financial statements.

Presented By

Mfon Akpan
Assistant Professor of Accounting
Parent: Northeastern State University

Mr. Akpan’s area of expertise is generating an estimated valuation of earned social media from corporate social responsibility engagement to generate an estimated return on investment and trend analysis. His professional activities include serving as a steering committee member for the American Accounting Association’s (AAA) Conference on Teaching and Learning in Accounting (CTLA) and planning committee member for the AAA’s Teaching, Learning and Curriculum Section (TLC). Mr. Akpan is a five-time TEDx speaker, and his most recent TEDx talk gives practical steps on how we can return to life after the COVID-19 pandemic. He is a doctoral candidate in Accountancy at Indiana Wesleyan University.

Scott Dell
Assistant Professor of Accounting
Francis Marion University

Dr. Dell, CPA, DBA joined the faculty of Francis Marion University in Florence, SC in 2019 as an Assistant Professor. Serving his previous institution in the Midwest for thirteen years as Accounting Program Director, he has been able to contribute to his student’s development by integrating a variety of tools into his classroom. Not only have these resources enhanced his student’s hard skills and technical knowledge, but they have also improved their soft skills and ability to succeed in academia and the work place. Dr. Dell recently received the Accounting Educator Award for 2018 from the Wisconsin Institute of CPAs. He is certified as a CPA and holds an MBA from the Wharton School, an MAE from Marian University, and a DBA from the University of Wisconsin – Whitewater. Dr. Dell brings real-world experiences, based on previous entrepreneurial, Big 4 and military service, to the classroom.

Credit Information
  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

Date + Time

  • event

    Wednesday, July 30, 2025

  • schedule

    1:00 p.m. ET./10:00 a.m. PT

I. Utilizing AI and technology in financial statement audits: introduction

II. How AI is currently being used in financial statement examinations

III. Caveats of using current technology and AI

IV. Implementing AI

V. Best practices

The panel will review these and other critical issues:

  • Strategies for incorporating current technology in financial statement audits
  • Ensuring the security of data used for analytical review
  • Steps to minimize AI hallucinations and invalid results
  • How AI can be used to expedite financial statement examinations and preparation


Learning Objectives


After completing this course you will be able to:

  • Determine how current technology can be used to analyze financial data
  • Decide how to minimize AI hallucinations and invalid results
  • Ascertain best steps for incorporating AI in financial statement audits
  • Identify how AI is changing the financial statement audit process
  • Field of Study: Accounting
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite:

    Three years+ business or public firm experience, preparing reviewed, compiled, and audited financial statements and the relative disclosures. Specific knowledge and understanding of GAAP, SSARS, and peer review policies.


BARBRI 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 Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

BARBRI CE webinars-powered by Strafford-are backed by our 100% unconditional money-back guarantee: If you are not satisfied with any of our products, simply let us know and get a full refund. Contact us at 1-800-926-7926 .