Artificial Intelligence (AI) is transforming numerous facets of organisational operations, including auditing and assurance. This webinar will explore how AI can revolutionise the internal audit process, offering innovative solutions to traditional challenges and elevating the practice to new heights. Join us as Dr. Peter McLeod guides us through practical applications of AI in auditing, sharing insights on how to seamlessly integrate these technologies into your internal audit processes.

Learning Objectives:

• Gain a comprehensive understanding of how AI can be integrated into internal audit processes.
• Develop practical skills for utilising AI tools in audit documentation, risk management, and test execution.
• Enhance the effectiveness and value of internal audits through AI-driven strategies and resources.

Key Topics Covered:

• AI throughout the audit process
• Creating a scope document
• Utilising AI to summarise meetings
• Creating post meeting actions
• Creating your risk control matrix
• Using AI to perform internal audit tests
• Providing the business with post-audit resources

Who Should Attend:

• Internal auditors and audit managers
• Risk management professionals
• Compliance officers
• IT auditors and tech-savvy professionals interested in AI applications

CPE points: 1

Presenter: Dr Peter McLeod, Director (Assurance Services), University of Southern Queensland

Dr Peter McLeod is the Director of Assurance Services at the University of Southern Queensland. Prior to beginning a career as an internal auditor Peter worked within the Accounting and Information Technology industries. Peter made a transition from being audited to auditing others in 2019. His Information Technology background enabled Peter to implement continuous controls monitoring, robotic process automation and data visualisation in internal audit. Peter is a firm believer that Internal Audit should set the benchmark for business to maintain credibility, utilise resources effectively and ensure that sampling bias does not exist. This ensures that Internal Audit maximises the value of the business especially when artefacts are handed back to management post audit.

Dr McLeod is a Fellow of the Certified Practicing Accountants (CPA), Member of the Australian Institute of Company Directors and holds a PhD in Artificial Intelligence.