A&A Focus recap: The ethics of using AI in an audit
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July 22, 2024 The AICPA recently hosted another installment of its popular A&A Focus Series, a monthly webcast designed to keep members up to date on the latest developments in accounting, auditing, and assurance. Hosted by Bob Durak, director–A&A Technical Services, and Andrew Merryman, senior manager–A&A Technical Services, the event featured four subject matter experts sharing their insights on several important topics, including the consideration of ethics when using artificial intelligence (AI) tools in audit procedures and how the information in the recently released Association of Certified Fraud Examiners’ (ACFE’s) report Occupational Fraud 2024: A Report to the Nations can help auditors in their practices. The broadcast also began two, multimonth dives into common revenue recognition issues and the new world of digital assets and their accounting and auditing treatment. The series is free for AICPA members, is simple to register for, and earns one CPE hour each month. Ethical considerations when using AI in accounting and auditing Danielle Supkis-Cheek, CPA, vice president and head of analytics & AI at Caseware, began the guest expert segments and addressed ethical considerations surrounding the use of AI in accounting and auditing. Supkis-Cheek emphasized that although AI tools are becoming increasingly prevalent, they do not absolve practitioners of their ethical obligations. She likened the use of AI to leveraging staff or experts, stressing the need for proper review and oversight of AI-generated outputs. To find out more details please visit : https://www.journalofaccountancy.com/ |