Exploring The Role of Artificial Intelligence (AI) in Finance, Accounting and Auditing

(Unlocking the Power of AI by automating tasks, improving accuracy, and analyzing large amounts of data)

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Venue: Kwithu Lodge, Avondale, Lusaka Date: 27th-28th February 2025 Fee: K5,500

Email: info@syntelconsultancy.com Tel: 0958999901/ 0975021023

Target Audience

This workshop is designed for professionals in the Finance, Accounting, and Auditing sectors, including:

  • Chief Financial Officer (CFOs)
  • Financial Directors
  • Financial Managers
  • Financial Analysts
  • Financial Administrators
  • Financial Controllers
  • Investment Bankers
  • Accountants
  • Auditors
  • Risk Managers
  • Regulators

Workshop Objectives

  • Gain a comprehensive understanding of AI and its core functionalities.
  • Explore the various applications of AI in finance, accounting, and auditing.
  • Understand the potential benefits and challenges of implementing AI in these sectors.
  • Develop practical skills for leveraging AI tools and technologies.

Introduction to Artificial Intelligence in Finance, Accounting, and Auditing

  • Historical development of AI and its current landscape
  • The impact of AI on various industries
  • Overview of AI in financial services
  • AI applications in Accounting and Auditing
  • Understanding the impact of AI on Finance and Accounting Professions

Artificial Intelligence Applications in Finance

  • Algorithmic trading and portfolio management
  • Customer relationship management and financial planning
  • Algorithmic trading and investment management
  • Risk assessment

Artificial Intelligence in Accounting

  • Automation of routine tasks (data entry, bookkeeping, reconciliation)
  • Intelligent data analytics for financial reporting and auditing
  • AI-powered chatbots for customer service and support
  • Automating financial statement analysis
  • Data validation and error detection
  • Case studies of AI applications in accounting firms

Artificial Intelligence in Auditing

  • Continuous auditing and real-time monitoring
  • Identifying anomalies and fraud detection
  • Fraud prevention and risk management
  • Data analysis for audit trails and risk assessment
  • The future of auditing with AI assistance
  • AI-powered audit analytics
  • Emerging trends and advancements in AI technologies
  • Ethical considerations and regulatory implications of AI in finance
  • The future workforce and the impact of AI on jobs
  • Emerging trends and technologies (e.g., blockchain, quantum computing)
  • Discussion of potential AI applications in the industry

AI Ethics and Regulation

  • Responsible AI in finance and accounting
  • Addressing AI-related risks and challenges
  • Current regulatory landscape and future trends

Building an Artificial Intelligence-ready Organization

  • Developing a data-driven culture
  • Integrating AI into existing processes
  • Building an AI team and infrastructure

Participants will discuss challenges and opportunities of Artificial Intelligence implementation in their workplaces

  • Identifying areas for AI adoption within their specific roles
  • Developing strategies to overcome potential resistance to AI

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