Artificial Intelligence (AI) has rapidly changed the way we work, both in its expansion of individual capabilities and as a means to accomplish more with fewer resources. This CPE course provides a detailed overview of AI for accounting, with a focus on its newfound significance in the workplace and the ongoing evolution of the technology. The scope of this course includes a detailed discussion of key AI concepts, as well as ethical considerations, regulatory frameworks, and the use of AI in both data analysis and improved reporting. Additionally, it also provides examples of how AI can be used in both audit and tax practices and discusses strategies and techniques that can be used to effectively implement AI workflows across all levels of your organization. This online CPE class concludes with thoughts and considerations on future trends in AI.
Learning Objectives
Upon successful completion of this course, participants 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
Major Topics
AI Key Concepts
Machine Learning
Algorithms
Technologies in Accounting Software
Types of AI Accounting Software
Tax Preparation Software
Fraud Detection Software
AI Ethics and Regulations
Strategies to Safeguard Data
Ethical AI Usage
AI for Data Extraction, Cleansing and Normalization
AI in Audit and Compliance
Technological Infrastructure
Tax Preparation
Future Trends in AI and Software for CPAs