The term "artificial intelligence" (AI) has become mainstream and while most have a layperson's understanding of AI, few know the depth and breadth of this technology's capability. AI is affecting just about everything in business and in people's personal lives. The operation of an internal control system is also changing because of this incredible advancement. This session explains what AI is and how it works and then goes into detail about how it can be applied to a system of internal control. The material speaks about changes occurring in today's world as well as what's coming in the not-too-distant future. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
After attending this presentation, you will be able to...
- Raise awareness of bank fraud, wire fraud, and tax evasion
- Identify red flags that lead to investigations and indictments
- Review key indicators of illicit activities
- Recognize how responses to investigations influence sanctions
Major Topics
The major topics covered in this class include:
- Career choices
- Ethical dilemmas
- Judicial proceedings
- Mitigation strategies
- Creating tools to help make better decisions
- Atonement and reconciliation
