Harnessing AI to automate auditing: challenges and opportunities
Join us for our upcoming roundtable, Harnessing AI to automate auditing: challenges and opportunities on December 5, 2023 in Sydney, Australia.
In this interactive roundtable session, we’ll dive into how AI is changing the audit profession, exploring real-world examples and discussing the compliance challenges and regulatory implications that firms need to keep in mind.
AI is transforming financial reporting and auditing. With more firms adopting AI to drive efficiency, enhance accuracy, and meet rising expectations, it's clear that firms that are not embracing AI will face increasing challenges. This is a pivotal moment to explore how practical, scalable AI solutions can enhance audit practices and prepare firms for the evolving landscape.
Key discussion points:
- Have you already adopted AI in your auditing process? If so, how is it going? If not, what’s stopping you?
- What processes would you most like to automate?
- What challenges do you face with audit quality and consistency across teams, and could real-time AI insights improve accuracy and uniformity in your audits?
- What are your key concerns about adopting AI in auditing? Do data privacy or regulatory compliance issues affect your decision?
- How do you currently manage compliance and regulatory requirements, and could AI-driven documentation automation help reduce errors and ensure adherence to regulations?
Who should attend:
Senior professionals from audit firms in departments including:
- Audit
- Assurance
Why should you attend:
Receive actionable strategies to future-proof your audit practices, harness AI to stay ahead of the competition, and master the shifting regulatory landscape. See how AI isn’t just a tool—it’s a transformative force reshaping the future of auditing.
Agenda
10:30 – 11:15
Registration
11:00 - 12:00
11:15 – 11:20
Opening remarks
10:00 - 11:00
11:20 – 12:00
Harnessing AI to automate auditing: challenges and opportunities for Australian auditors
Panel discussion and Q&A
11:25 - 12:00
- How AI improves audit workflows and increases data extraction efficiency
- The biggest challenges firms face—like cost, data management, and scalability—and how they’re overcoming them to unlock AI’s full potential
- Practical ways to upskill you and your team for AI-powered auditing
- How AI is automating emissions reporting, streamlining ESG audits, and driving better collaboration between auditors and financial professionals to meet regulatory demands
Liam is a Partner with more than 14 years of public accounting experience including working with public and private companies, predominately in the financial services industry.
As Grant Thornton's National Head of Digital Assurance, Liam leads audit innovation initiatives and their adoption by our auditors. He is also a steering committee member for the Grant Thornton International Assurance Technology and Innovation Committee. He works closely with the firm's audit leaders to set innovation strategies, evaluate priorities, and establish measures of audit quality and effectiveness.
She has been working with DataSnipper's APAC clients for over 2.5 years, specialising in the Audit space and working closely with the Big 4 and large networks. In the past year she moved to Kuala Lumpur to kick start our regional operations by building a local team. She brings extensive knowledge on helping clients learn how they can leverage technology like DataSnipper, AI and LLMs to drive efficiency within their organisations.
Masood Mehmood
Senior policy advocate – reporting & assurance
Chartered Accountants Australia and New Zealand
Masood is a Senior Policy Advocate in the Reporting and Assurance Advocacy Team at Chartered Accountants Australia and New Zealand (CA ANZ). With over 18 years of diversified experience in audit, assurance, and advisory services across both commercial and public sectors, Masood has a proven track record of excellence. He began his career at Deloitte and later worked at KPMG Middle East before relocating to Australia. At CA ANZ, Masood is dedicated to shaping and influencing reporting and assurance issues that are relevant to members in Australia and New Zealand.
Jana has over a decade of experience in corporate governance advisory, capital market research, and shareholder engagement. As Managing Director for Corporate Governance (Australia), Jana is responsible for leading the company’s corporate governance team, with a focus on providing ASX boards and senior managers with insightful analysis on corporate governance-related matters and practices, and in the execution of corporate actions and vote-related company meetings, including M&A, shareholder activism campaigns and proxy battles. Jana also advises listed company boards and management teams on all aspects of Environmental, Social and Governance (ESG) policies and disclosures. Prior to joining Sodali & Co, Jana was the Director of Research at CGI Glass Lewis, with responsibility for research and engagement covering more than 800 companies in Australia, New Zealand and South Africa. Her experience in advising large domestic and institutional investors positions her as an expert on the proxy guidelines and ensures she can provide clients with in-depth analysis on their projected recommendations, along with highly valued strategic advice on shareholder engagement.
Jana is an active participant in the local governance community and is a member of Women in Super. Before joining CGI Glass Lewis, Jana was a financial advisor.
12:00 – 12:10
DataSnipper - introduction
14:00 - 15:00
12:10 – 13:30
Roundtable and lunch
12:00 - 13:00
- Have you already adopted AI in your auditing process? If so, how is it going? If not, what’s stopping you?
- What processes would you most like to automate?
- What challenges do you face with audit quality and consistency across teams, and could real-time AI insights improve accuracy and uniformity in your audits?
- What are your key concerns about adopting AI in auditing? Do data privacy or regulatory compliance issues affect your decision?
- How do you currently manage compliance and regulatory requirements, and could AI-driven documentation automation help reduce errors and ensure adherence to regulations?
13:30 – 13:35
Networking and closing (followed by networking drinks at 14:00)
12:30 - 13:30