1 min listen
How AI is Transforming and Disrupting Audit
How AI is Transforming and Disrupting Audit
ratings:
Length:
57 minutes
Released:
Feb 22, 2024
Format:
Podcast episode
Description
Rob Valdez joins Blake to discuss how artificial intelligence and generative chatbots like ChatGPT could automate routine audit tasks. They also explore the potential to train staff more effectively, save significant time on substantive testing, draft higher quality work, and some challenges around adopting these tools, such as security fears, poor system integration, and partners resistant to change.SponsorShareFile - https://earmarkcpe.promo/sharefileChapters(00:53) - Rob Valdez Joins the Show to Talk About AI
(02:27) - What Does Rob Do and What Is His Background?
(03:35) - State of Artificial Intelligence in Audit
(05:21) - Exploring the Use of AI Chatbots
(08:55) - Potential of AI in Drafting Financial Statements
(12:16) - The Future of AI with Audit
(23:41) - Implications of AI on Audit Staff Roles
(29:14) - The Power of Automation and Teamwork
(31:00) - Challenges in Adopting AI in Firms
(33:36) - The Inefficiencies of Current Data Management
(35:53) - The Need for Integrated Systems
(39:40) - What Will Motivate Aduit Firms To Adapt?
(49:04) - The Possibility of Private Equity Getting Involved
(53:30) - The Importance of Self-Disruption
(54:59) - Thanks For Listening and How To Reach Rob
Sign up to get free CPE for listening to this podcasthttps://earmarkcpe.comDownload the Earmark CPE App Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appConnect with Our Guest, Rob ValdezLinkedIn: https://linkedin.com/in/rob-valdezTwitter: https://twitter.com/robvaldezcpaLearn more about NovogradacWebsite: https://www.novoco.com/Connect with Blake Oliver, CPALinkedIn: https://www.linkedin.com/in/blaketoliverTwitter: https://twitter.com/blaketoliver/
(02:27) - What Does Rob Do and What Is His Background?
(03:35) - State of Artificial Intelligence in Audit
(05:21) - Exploring the Use of AI Chatbots
(08:55) - Potential of AI in Drafting Financial Statements
(12:16) - The Future of AI with Audit
(23:41) - Implications of AI on Audit Staff Roles
(29:14) - The Power of Automation and Teamwork
(31:00) - Challenges in Adopting AI in Firms
(33:36) - The Inefficiencies of Current Data Management
(35:53) - The Need for Integrated Systems
(39:40) - What Will Motivate Aduit Firms To Adapt?
(49:04) - The Possibility of Private Equity Getting Involved
(53:30) - The Importance of Self-Disruption
(54:59) - Thanks For Listening and How To Reach Rob
Sign up to get free CPE for listening to this podcasthttps://earmarkcpe.comDownload the Earmark CPE App Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appConnect with Our Guest, Rob ValdezLinkedIn: https://linkedin.com/in/rob-valdezTwitter: https://twitter.com/robvaldezcpaLearn more about NovogradacWebsite: https://www.novoco.com/Connect with Blake Oliver, CPALinkedIn: https://www.linkedin.com/in/blaketoliverTwitter: https://twitter.com/blaketoliver/
Released:
Feb 22, 2024
Format:
Podcast episode
Titles in the series (71)
How to Free Your CPE with Earmark: Learn how accountants can earn free CPE for listening to this podcast with the Earmark CPE mobile app. Join the movement to free your CPE at https://earmarkcpe.com. by Earmark Podcast | Earn Free Accounting CPE