Course Code: aifinancebespoke
Duration: 21 hours
Prerequisites:
  • A general knowledge of financial concepts, accounting principles, and financial statements

Audience

  • Finance professionals
  • Auditors
  • Consultants
  • Administrators
Overview:

AI in auditing, consulting, administration, and finance refers to the use of artificial intelligence technologies to automate, enhance, and optimize tasks and processes within these fields. It leverages machine learning, data analytics, natural language processing (NLP), and other AI techniques to analyze financial data, detect patterns, and assist in decision-making, resulting in increased efficiency, accuracy, and risk management.

This instructor-led, live training (online or onsite) is aimed at beginner-level finance professionals who wish to gain basic knowledge and understand AI's role in auditing, consulting, administration, and finance.

By the end of this training, participants will be able to:

  • Understand the fundamentals of Artificial Intelligence (AI) and its applications in finance.
  • Explore AI tools and technologies used in auditing, consulting, financial management, and taxation.
  • Gain practical insights into the application of AI for financial audits, risk management, and decision-making.
  • Learn to leverage AI for process automation and efficiency in finance-related tasks.

Format of the Course

  • Interactive lecture and discussion.
  • Lots of exercises and practice.
  • Hands-on implementation in a live-lab environment.

Course Customization Options

  • To request a customized training for this course, please contact us to arrange.
Course Outline:

Introduction

Fundamentals of AI

  • What is AI?
  • Key AI concepts: Algorithms, data training, and AI models
  • The evolution of AI in the financial sector

AI Applications in Finance

  • AI use cases in finance, including fraud detection, predictive analytics, and automated reporting
  • AI's role in financial audits, consulting, and administration
  • Real-world examples of AI-driven financial processes

Overview of AI Tools for Finance

  • Introduction to popular AI tools used in finance: Alteryx, Power BI, IBM Watson, and others
  • Overview of AI-based financial platforms for auditing and tax compliance

AI in Auditing

  • AI techniques for enhancing financial audits
  • Continuous auditing and anomaly detection using AI
  • Case studies: How AI can identify financial discrepancies and fraud

AI for Financial Analysis and Consulting

  • Using AI for predictive financial analysis
  • Automating financial forecasting and budgeting with AI tools
  • Case studies: Successful AI implementation in consulting and financial advisory

Risk Management and AI

  • AI-driven risk assessment tools for finance
  • Integrating AI with traditional risk management practices

AI in Accounting and Financial Reporting

  • Automating financial reporting and accounting processes using AI
  • Leveraging AI for data extraction and document analysis
  • Tools for automating bookkeeping and compliance

AI for Tax Audits and Compliance

  • How AI can assist with tax audits and detect non-compliance
  • Tools for automating tax calculations and filing
  • Case studies: Successful AI applications in tax compliance

Summary and Next Steps