AI in Audit: opportunities and challenges

Event information

In this webinar we look at the transformative power of artificial intelligence (AI) in the auditing profession. Our speakers, Konrad Bukowski-Kruszyna and Luke Parker, will debunk common myths surrounding AI, address real-world challenges, and demonstrate how AI can significantly enhance audit efficiency, improve quality, and provide deeper insights.

Whether you're part of a large audit firm or a smaller practice, this webinar will offer practical applications and valuable knowledge to elevate your auditing processes.

Key benefits

• Gaining an understanding of artificial intelligence (AI) as a broad umbrella of technologies, including generative (Gen) AI.
• Clearing up the confusion around some of the common AI myths.
• Getting to grips with the benefits of AI use in audit, including efficiency gains, enhanced audit quality, and value-added insights.
• Understanding some of the practical applications, for firms both large and small.
• Gaining an appreciation of the key challenges and limitations including data protection, ‘hallucinations’, and automation bias.

About the speakers

Konrad Bukowski-Kruszyna, Head of Audit Data Analytics, RSM UK Konrad is Head of Audit Data Analytics at RSM UK. He has dedicated his career to bridging technology and accounting, having had firsthand experience implementing transformative technologies, particularly AI-enhanced applications and data analytics that enhance audit quality at his firm. His work with the FRC Technology Working Group and ICAEW Mid-Tier Tech Forum has also provided valuable insights into the regulatory landscape.

Luke Parker, Partner, Gilberts Chartered Accountants Luke is a partner at Gilberts Chartered Accountants and Business Advisers. He manages a portfolio of clients from various sectors notably property, professional services and technology. Within Gilberts, he plays a key role in improving audit quality and efficiency by implementing cutting-edge audit software, utilising advanced data analytics tools, and, more recently, exploring the potential of AI to enhance operations.

CPD hours

ICAEW's revised Continuing Professional Development (CPD) Regulations bring in new CPD requirements. This includes a minimum number of hours and an ethics requirement. Attending this webinar could contribute up to 1.5 hours of verifiable CPD, providing you can demonstrate that the content is relevant to your role.

A copy of the webinar booking confirmation email is accepted as evidence of verifiable CPD. You will need to save the email as a JPEG or PDF before uploading it to your record. Click here to use ICAEW’s self-assessment tool to help you work out how much CPD you will need to fulfil each year.

Costs

ICAEW members and non-members are welcome to join. This event is organised by the Audit and Assurance Faculty. Please click here to join online.