Generative AI for Auditors

This specialized course on Generative AI for Auditors equips finance and audit professionals with the knowledge and tools to revolutionize their audit processes using state-of-the-art AI technologies. Beginning with a foundational understanding of What is Generative AI, the course explores the shift from traditional automation to AI-driven intelligence in auditing. Participants are introduced to industry-leading tools like ChatGPT which are redefining how auditors engage with data, generate insights, and produce deliverables. A core focus is the automation potential across the audit lifecycle, including summarizing financial statements, reviewing prior-year reports, generating risk assessment matrices, and identifying high-risk financial areas such as revenue recognition and asset impairment.Real-world case studies, such as EY’s global deployment of GenAI and AI-assisted risk scoping in a banking audit, demonstrate how major firms are embracing this technology. Learners will practice creating GenAI-generated checklists for engagement planning, control walkthroughs, and test plans for internal controls, along with prompts for evaluating SOX compliance. The course covers advanced applications like AI-supported sampling logic, journal entry testing (JET), variance analysis interpretation, and substantive audit procedures—illustrated through a fintech loan audit case study.Fraud detection is tackled using GenAI-powered red flag generation, NLP-based text reviews, pattern recognition in expenses, and predictive fraud analytics. Participants will also explore how to draft audit memos, convert emails into evidence, and use GenAI for real-time documenta