CPDStore Ireland

AI is making rapid progress in all firms of professional accountants not only in the administration of the firms, but also in the use of supporting the audit function. It provides support in:

This is just a collection of uses and the development in time will be rapid and extensive.

The Code of Ethics for professional accountants started to make changes to the code in 2024 in order that professionals are enabled to maintain the trust that they have built with their clients and the public, on the basis that professional accountants act in the public interest.

The increased reliance on computer generated information made it necessary to develop appropriate guidance in support of these objectives of the Code.

Technology is used by professional accountants to assist in professional judgements and to support the audit opinions.

The new provisions of the Code became effective 15 December 2024. These changes were introduced by changing existing provision in the Code to include the changing aspects of technology. I have prepared a list of sections of the Code that deal with technology for participants to have easy access to these sections, as they are spread over various parts of the Code.

The presentation will deliver an overview of what needs to be considered when using AI to support the audit work in making professional judgements and forming the audit opinion.

Participants will become more aware of the risks involved and the critical assessments required when using such evidence and have a handy guide when searching for answers for questions about technology and ethics.

The session is designed for:

• Auditors and accountants who are registered with a professional accounting body that requires compliance with the Code of Ethics.
• Other senior staff members who are users of AI tools during the audit work will also benefit from the additional knowledge about technology used in audit work.

Course Level: Intermediate