AI Liability and Malpractice Exposure
Overview
This course provides a concise overview of the emerging liability, malpractice, regulatory, insurance, and professional-conduct risks associated with CPAs’ use of artificial intelligence. Participants will examine how traditional duties of care, competence, confidentiality, verification, and professional accountability apply when AI is used in accounting, tax, audit, and advisory work. Drawing on developments in the United States, Canada, and the United Kingdom, the course explores documented AI failures, regulatory expectations, insurance coverage gaps, data exposure, and practical controls CPAs can implement to make AI-assisted work more defensible
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Highlights
The major topics that will be covered in this course include:
- Professional accountability for AI-generated work
- AI errors, hallucinations, and malpractice exposure
- Emerging cases, sanctions, and disciplinary actions
- AI regulatory expectations in the US, Canada, and UK
- Professional liability insurance and AI coverage gaps
- Confidentiality, privilege, privacy, and data exposure
- Verification, documentation, governance, and defensibility
Prerequisites
None
Designed For
This course is designed for CPAs, accountants, auditors, tax practitioners, firm leaders, controllers, CFOs, and other accounting professionals who use or oversee AI-assisted professional work.
Objectives
After attending this presentation, you will be able to...
- Explain how professional liability principles apply to AI-assisted work
- Identify AI-related conduct that may create malpractice or disciplinary exposure
- Analyze how hallucinations and inadequate verification can produce professional liability
- Compare key AI-related professional obligations across the US, Canada, and UK
- Evaluate potential AI exclusions and coverage gaps in professional liability insurance
- Assess confidentiality, privacy, privilege, and data-handling risks associated with AI
- Apply verification, documentation, governance, and human-review controls to strengthen defensibility
Preparation
A general understanding of accounting practice, professional ethics, and generative AI is helpful but not required.
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 CPA Crossings.
Leader(s):
Leader Bios
Garrett Wasny
Garrett Wasny, MA, CMC, CITP/FIBP is a professional development consultant to accountants, attorneys, engineers and doctors worldwide and a former management consultant with Price Waterhouse. He advises high-skill knowledge workers how to thrive in the digital age and unleash their online potential using productivity, search, mobile and social technologies. He’s authored two books (Global Business Resources.com by McGraw-Hill in New York and How to Conquer the World by Government Institutes in Washington, DC), 20 e-books, and over 100 published articles on Internet strategy for dozens of leading business publications. He’s also delivered more than 1,000 webinars and seminars on Internet topics to hundreds of organizations in North America, Europe and Asia. He lives in Vancouver.
Non-Member Price $119.00
Member Price $89.00