The Risks of Artificial Intelligence - Part 2
Overview
As artificial intelligence (AI) becomes deeply integrated into business operations and decision-making, organizations must recognize that effective oversight extends beyond technical safeguards.The governance, risk and control (GRC) responsibilities of AI also carry a cultural dimension requiring alignment with corporate ethical values ethical principles and accountability structures.Cultural governance emphasizes leadership commitment, employee engagement and cross-function ownership of AI practices to ensure trust and transparency. AI-related risks – ranging from bias and ethical concerns to regulatory compliance, reputational exposure and operational vulnerabilities necessitate robust control frameworks and proactive mitigation strategies. These include governance structures, policies, risk assessments, transparency measures, and continuous monitoring. By embedding cultural governance and mitigation responsibilities into enterprise AI initiatives, organizations can responsibly harness innovation while safeguarding stakeholders, protecting reputation and ensuring sustainable long-term value.
Note: This is Part 2 in a two-part series on the risks of AI
Highlights
- Society and cultural risks of AI
- Governance and control risks of AI
- Mitigation and Responsible AI
Prerequisites
Risks of AI - Part 1
Designed For
Accountants, Auditors, Internal Auditors & Finance Professionals
Objectives
Societal and Cultural Risks
- Explain how AI may exacerbate economic and social divides
- Identify the role of AI in spreading disinformation
- Evaluate the impact of AI on trust and credibility
- Discuss cultural and geopolitical risks of AI dominance
Governance and Control Risk
- Understand how regulation lags behind AI development
- Identify corporate and geopolitical risks of AI dominance
- Evaluate AI’s role in cybersecurity threats
- Discuss long-term debates around AI alignment and safety
Mitigation and Responsible AI
- Apply ethical frameworks to assess AI adoption
- Recommend governance structures for AI oversight
- Design approaches to keep human judgment central
- Propose workforce strategies for adapting to AI-driven change
Preparation
Basic Understanding of Artificial Intelligence
Notice
This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by Accounting Continuing Professional Education Network (ACPEN).
Leader(s):
Leader Bios
Lynn Fountain, Lynn A Fountain
Lynn Fountain has over 40 years of experience spanning public accounting, corporate accounting and consulting. 20 years of her experience has been working in the areas of internal and external auditing. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance. Lynn has held two Chief Audit Executive (CAE) positions for international companies. In one of her roles as CAE, she assisted in the investigation of a multi-million-dollar fraud scheme perpetrated by a vendor that spanned 7 years and implicated 20 employees. The fraud was formally investigated by the FBI and resulted in five indictments amounting to close to a $13 million fraud loss. Lynn is currently engaged in her own consulting and training practice. She has assisted numerous companies with enterprise risk management frameworks, internal audit processes and financial accounting. She is a highly sought after speaker and has trained internationally. In addition to her personal training, she also serves as a discussion leader for the AICPA for numerous classes. Lynn is the author of three separate technical books released in 2015, The first entitled “Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations”, published by the Institute of Internal Auditors Research Foundation and released in April 2015. Her second book “Leading The Internal Audit Function” was released in October 2015 by Taylor & Francis Publications. This book serves as the initial launch for a series of leading practice internal audit and information technology publications. In addition, her third book “Ethics and the Internal Auditor’s Dilemma” was released in December 2016. Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CGMA, CRMA credentials and CPA certificate.
Non-Member Price $99.00
Member Price $79.00