AI-Driven Audit Dynamics: Navigating the Standards in a New Era

Overview

Hear how AI is being used in the audit, and learn about the possibilities and pitfalls of emerging technologies.

In this session, we'll distinguish the three categories of artificial intelligence (AI) that affect financial statement audits and related assurance services and discuss how they are used.

We'll also cover methods for managing AI development and maintenance in audit contexts, exploring how firms can adapt audit procedures for AI-driven client controls.

This is a rebroadcast of a session from AICPA & CIMA ENGAGE 2025.

Prerequisites

2-3 years of audit experience

Objectives

• Differentiate between the three categories of artificial intelligence (AI) that affect financial statement audits and related assurance services.
• Identify different types of AI and how AI may be used in the financial statement audit.
• Identify techniques for managing AI development, training, and maintenance in the context of audit and assurance.
• Analyze how firms may adapt audit procedures for AI-driven controls and processes implemented by their clients.

Highlights

• Auditors' use of AI
• Clients' use of AI
• Assurance over AI