The Controllership Series: The Controller's Role in Artificial Intelligence
Overview
Here's a more detailed look at the controller's role in AI:
1. Data Integrity and Quality:
• Controllers are responsible for ensuring the quality and integrity of data used to train and inform AI models.
• They work to establish data governance frameworks, implement data quality initiatives, and ensure data lineage (tracking data from source to downstream systems).
2. Risk Management:
• Controllers assess potential risks associated with AI implementation, including inaccuracies, vulnerabilities, and ethical considerations.
• They help define and implement risk management frameworks for AI, ensuring that AI systems are used responsibly and ethically.
3. Compliance:
• Controllers stay informed about relevant regulations and ensure AI systems are compliant with those regulations.
• They monitor AI systems to ensure they are not violating any laws or policies.
4. Transparency and Auditability:
• Controllers work to ensure that AI decisions are transparent and auditable.
• They establish processes to review AI decisions and identify potential biases or errors.
5. Collaboration and Training:
• Controllers work with IT and business teams to understand AI's capabilities and limitations.
• They provide training to teams on how to use and manage AI tools effectively.
6. Value Creation:
• Controllers can leverage AI to identify areas for automation, improve efficiency, and gain real-time insights into financial operations.
• They can use AI to make more informed decisions and create more strategic recommendations for action.
7. Emerging Role:
• The role of the controller is evolving with the rise of AI, with controllers becoming more hands-on throughout the implementation process.
• They are increasingly seen as catalysts for AI-enabled transformation, helping to identify potential use cases and build confidence in the technology
This course will explore many of these topics.
Highlights
- Accounting
- Finance
Prerequisites
Suggest other courses in the Controllership Series
Designed For
Controllers, Finance leaders, CFO’s, Executive Management
Objectives
- Trends in AI
- Controller's role in AI
- Specific AI processes for Controllers
- Identify key AI cases
- AI and financial reporting
- AI and fraud cases
- AI and expense management
- AI and improved decision making
- AI and risk assessment
- AI and Supply chain management
- The seven pillars of a trustworthy framework
Preparation
None
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 $59.00
Member Price $39.00