Walter Haig's AICPA Auditing Standards Update

After attending this presentation, you will be able to...

• Recall the fundamental principles of AI and its applications in marketing.
• Leverage AI tools and technologies to enhance marketing campaigns.

• Identify specific applications for AI in accounting, auditing, tax and advisory services

• Recognize the potential to leverage AI technology to reduce costs and increase revenue

• Implement AI tools to transform business ideas into marketable digital products

• Create professional audio-visual content using AI-powered platforms

• Analyze the essential privacy, security, and compliance considerations when working with Generative AI technologies.

• Identify best practices for secure data sharing with GPT models.

• Find and Automate the Right Tasks: spot tasks and processes that can be automated, using the latest tech to make your business more efficient and free up valuable time.

• Use Outsourcing to Grow: choose the right outsourcing opportunities that fit your business needs, tap into specialized skills while keeping costs down.

• Identify key features of Copilot in Excel and their applications in data analysis.

• Distinguish between traditional Excel workflows and AI-enhanced capabilities.

• The major topics that will be covered in this class include:

  • Amendments to the U.S. Accounting Standards Codification (i.e.
  • U.S. GAAP) issued during the 18-month period prior to the program that impact SMEs
  • Update and review of the tax and cash special purpose frameworks
  • Update and review of the AICPA Financial Reporting Framework for SMEs
  • Update on common errors and deficiencies as identified in financial statements as identified in peer reviews and in litigation