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AI Essentials for CPAs – Exploring Cutting-Edge Technology
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AI Essentials for CPAs – Exploring Cutting-Edge Technology
Course Overview:
This course provides an overview of Artificial Intelligence (AI) in accounting with a focus on its significance and evolution. This course includes a detailed discussion of key AI concepts as well as ethical considerations, regulatory frameworks, and its use in data analysis and reporting. This course also provides examples of how AI can be used in both audit and tax practices and provides strategies that can be used to most effectively implement its use in organizations. This course concludes with a discussion of future trends in AI.
Learning Objectives:
Upon completion of this course, you will be able to:
Course Overview:
This course provides an overview of Artificial Intelligence (AI) in accounting with a focus on its significance and evolution. This course includes a detailed discussion of key AI concepts as well as ethical considerations, regulatory frameworks, and its use in data analysis and reporting. This course also provides examples of how AI can be used in both audit and tax practices and provides strategies that can be used to most effectively implement its use in organizations. This course concludes with a discussion of future trends in AI.
Learning Objectives:
Upon completion of this course, you will be able to:
- Identify key concepts related to AI
- Recognize subsets of machine learning
- Identify key characteristics of deep learning
- Recognize how AI can be used in the accounting profession
- Identify key differences in traditional vs. AI-driven accounting software
- Recognize examples of various types of AI accounting software
- Recognize ethical considerations in AI integration for accounting
- Identify regulatory frameworks governing AI integration in accounting
- Recognize data privacy and security concerns in AI-driven accounting
- Identify best practices for ethical AI usage in accounting firms
- Identify AI tools like OCR and NLP for data extraction
- Recognize AI algorithms for data cleansing
- Identify data normalization and AI techniques
- Identify AI-driven forecasting techniques for accurate predictions
- Recognize AI's role in audit planning and risk assessment
- Identify how AI can automate audit procedures
- Recognize AI techniques for detecting anomalies and fraud during audits
- Identify AI's application in compliance monitoring
- Recognize readiness factors for AI adoption in organizations
- Identify steps for integrating AI into existing processes and workflows
- Recognize the importance of training and upskilling employees
- Identify common challenges and strategies for AI adoption in organizations
- Recognize AI's role in tax preparation activities
- Identify how AI can assist CPAs in tax research
- Recognize how AI is being used by the IRS
- Identify how to write effective ChatGPT prompts when performing tax research
- Recognize key technologies shaping the future of AI for CPAs, including RPA and blockchain
- Identify the evolving role of AI in accounting practices and its impact on future job roles
- Identify potential legislation impacting the adoption of AI in accounting and finance
- Recognize the importance of understanding AI trends for CPAs to stay competitive
Course Number:
KC58
NASBA Field of Study:
Information Technology
Level:
Based
Author/Instructor:
Kelen F. Camehl, CPA, MBA
Publication Date:
March 2024
CPE Credits:
8
KC58
NASBA Field of Study:
Information Technology
Level:
Based
Author/Instructor:
Kelen F. Camehl, CPA, MBA
Publication Date:
March 2024
CPE Credits:
8
Prerequisites:
None
Advanced Preparation:
None
None
Advanced Preparation:
None
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