About this Event

Has your organisation unlocked the full potential of artificial intelligence (AI) in its finance processes?

When strategically implemented, AI-powered tools can streamline operations, increase efficiency, and ensure adherence to regulatory requirements.

Join us for a practical and informative two-hour session, where we explore:

·      The role of AI in transforming audit and compliance processes.

·      How AI automates routine audit tasks and enables continuous auditing.

·      AI applications that can be used for compliance monitoring and reporting.

·      Challenges and best practices for AI implementation — and more.

Date

Tuesday, Oct. 8

Time and venue

5.30–7.30pm

AICPA® & CIMA® Sri Lanka, 356, Elvitigala Mawatha, Colombo 5

Fees

LKR 4,000 (CIMA members and CGMA® candidates)

LKR 6,000 (nonmembers)

Speaker:

Dhanushka Abeyratne

Manager — Data Analytics and Governance, MAS Capital

Educator - Data and AI

Key topics:

Introduction to AI in Audit and Compliance

·      Overview of artificial intelligence and its relevance to auditing and compliance

·      Key AI technologies: machine learning, natural language processing, and robotic process automation

Enhancing Audit Processes with AI

·      Automating routine audit tasks: data extraction, sampling, anomaly detection

·      Using AI for continuous auditing and real-time monitoring

·      Case studies of AI implementation in audit processes

AI in Compliance Monitoring and Reporting

·      AI applications in compliance: policy monitoring, regulatory updates and risk assessment

·      Tools and technologies for AI-driven compliance management

·      Examples of AI enhancing compliance in different industries

Overcoming Challenges and Implementing AI Solutions

·      Common challenges in adopting AI for audit and compliance

·      Best practices for implementing AI solutions: data quality, integration and change management

·      Ethical considerations and regulatory implications of using AI in audit and compliance

Future Trends and Developments in AI for Audit and Compliance

·      Emerging trends in AI technologies and their potential impact on audit and compliance

·      Preparing for the future: skills and knowledge required for leveraging AI in audit and compliance