Artificial Intelligence (AI) has cemented itself as a foundational technology and transformative tool that is reshaping industries and ways of working. This self-study webinar is designed to provide financial professionals with a comprehensive understanding of AI's role and potential applications in their field. In this webinar, participants will:
- Gain a clear understanding of the concept of AI and its evolution in the finance and accounting sector, learning about its potential to transform traditional financial processes and systems
- Analyze emerging AI use cases in finance and accounting, focusing on their practical applications in finance and accounting
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Discuss the potential limitations, risks and challenges of AI implementation in finance and accounting and risk mitigations through responsible AI governance
To provide financial and accounting professionals with an in-depth knowledge of the growing role of AI and how they can utilize its potential to help their company grow.
SPEAKERS:
William Thomas, Managing Director in Business Consulting, EY
Kevin Tollison, Partner, Data & AI Consulting, EY
- Evolution of Artificial Intelligence
- AI's impact on jobs and productivity
- Application in finance and accounting
- The expanding role of finance
- Generative Artificial Intelligence (GenAI)
- AI use cases in the finance function and controllership
- Risk and governance considerations
- Responsible AI framework
- Getting started with AI
• Identify how AI enhances financial reporting by automating routine tasks and improving efficiency
• Recognize how Generative AI supports narrative generation and streamlines reporting processes
• Recognize how existing infrastructure impacts the effectiveness of AI implementation
• Understand how AI enables CFOs to enhance cross-functionality and innovate business models
• Recognize the strategic benefits of AI beyond operational automation
• Understand the importance of responsible deployment and testing in AI systems
• Identify the ethical challenges of AI, including the lack of transparency in AI decision-making
• Understand how AI enables real-time monitoring and early detection of compliance risks
• Recognize the role of AI in maintaining robust compliance functions through proactive risk management
• Identify integration challenges with legacy systems as a key limitation
• Recognize the need for balancing AI capabilities with traditional processes to ensure effectiveness
• Understand how AI integrates with traditional compliance roles to increase efficiency