Be an Audit Champion | Effective Use of GenAi in Internal Audit

Part 1 Effective use of ChatGPT, LLM along the internal audit process

– Use the power of ChatGPT, productivity enhancement for every sub-process of the audit –

Overview Internal Audit Training:

Increase your daily audit productivity! Dive into the fascinating world of effective use of ChatGPT in internal auditing. Make your daily auditing work easier with this advanced language model.

In our audit training, you will be introduced to how ChatGPT works and how this powerful model was developed. You will understand how it was trained and what data sources were used to create a model based on an amazing wealth of practical usable knowledge.

Discover the many possible use cases along the audit value chain. Learn how it works appropriately and find out more about proven best practices to optimise your audit results and audit procedures.

Topics:

The internal audit in the digital transformation
- Digitalisation and Internal Audit
- Lean audit techniques for more efficiency
- Actively shaping digital transformation in auditing
Understanding ChatGPT
- Background to the model ChatGPT as an advanced language model
- Large Language Model (LLM) what is behind it? And how does it work?
- Highlighting the many possible applications of ChatGPT
How ChatGPT works
- Explanation of the model training and data source
- Description of the GPT architecture model and its capabilities
Integration of ChatGPT into the internal audit process
- Discussion of the challenges and opportunities in integrating ChatGPT along the audit sub-processes
- Tips for optimising interactions with the model
- Approaches to improve the quality and reliability of the generated responses
- Ethical considerations and possible risks when using ChatGPT
Best practices for the use of ChatGPT along the audit value chain
- Design of the audit universe
- Effective use in risk analysis, audit risk assessment
- Preparation of audit guidelines
- Analysis control design rethought in the context of process auditing
- Systematic selection of analytical audit procedures and appropriate sample
- Anticipatory audit interview approach
- Faster and error-free preparation of the audit report
Audit live demonstration and practical exercises
- Conducting a live demonstration of the use of ChatGPT in an application
- Interactive exercises where participants can experiment with ChatGPT themselves and ask questions
Joint summary and outlook
- Conclusion and practical guide
- Outlook for the use of Generic AI in Internal Audit

Training Team

Audit Championship

Audit-Championship | Audit Research Center is a university spin-off. We focus on networking between science and practice. Audit-Championship provides thought leadership and innovative methods to support its customers across all industries in digital transformation. We support audit departments globally as well as national Internal Audit associations with yearly 3.800+ training days and transformation services along an internal audit knowledge value chain.

Dr. Dominik Foerschler

Dr. Dominik Foerschler
PhD, M.A. Banking & Finance, CIA, CRMA, Quality Assessor

awarded by Richard Chambers as one of the Top 12 influencers as Global Internal Audit Thought Leader.
In over 25 years of professional experience at Deutsche Bank, Canadian Imperial Bank CIBC and BMW in responsible management positions, with international assignments in Toronto, Chicago, New York, Madrid and London, Dominik is today the author of numerous expert books and articles in the field of Internal Audit, GRC and human resources development in renowned professional journals as well as the editor of a book series.

Experience is powerful. More than 3000 training and consulting days in cooperation with more than 190 companies characterise Dr. Dominik Foerschler’s successful path. Among them are numerous listed companies, supranational institutions such as central banks, financial institutions and, at the same time, renowned savings banks and successful corporate auditors from manufacturing and trade. Under his leadership, Audit-Championship.com concentrates on the topics that have a significant influence on the performance of your audit as leverage points. The goal is to sustainably improve the performance of the supported internal audits.

Key skills include

Audit Executive Coaching
Executive Training for Board Members
Integrated Audit Risk Centric Approach® (IARCA) [originator]
HiANCA – Brain Research Audit Methodology®
Senior Expert for European Banking Regulation
Systemic Coaching Expert

Language Skills

German native speaker
English business fluent
Spanish business fluent
French very good
Russian good

Further Roles & Responsibilities

Chairman of the Audit Challenge Conference Board
Executive Facilitator of the Audit Excellence Group
Chairman of the Audit Innovation Award Jury
Executive Facilitator of the Audit Excellence Group
Chief Editor till 2015 of double blind journal >Audit, Risk, Compliance<, Bankverlag Köln
Publisher of the book series “Internal Audit Strategy”
Vice President of the German Association of Business Economists

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Date Training Execution

We are fully booked for the November training date, so we are making another December date available

1 Training = Twice 1/2 day online
++ Mo. 16th Dec. 09:00 – 12:30 CET
++ Tue. 17th Dec. 09:00 – 12:30 CET

Click here to see: Part 2 GenAi in Internal Audit

Part 2 More productivity with ChatGPT in internal auditing

Click here to get More Insights

Leverage Audit Performance with ARC AI Methodology

Conditions and Price

The participation for 19th/ 20 Nov, costs a total of 390,- Euro / US-Dollar according to preferential conditions for Audit Challenge Participants. For all international countries we do not charge VAT in B2B based on reverse tax charge procedures. After receipt of your registration you will receive a confirmation of registration and a separate email invoice and login. Please pay the registration fee directly. You will receive a separate invoice by email. The price includes the participation in the lectures of the booked event and training documents. A payment by credit card is also possible on demand.

You can cancel up to one week before the event free of charge. Thereafter or if the participant fails to attend, we will charge the entire participation fee. Of course it is possible to change the registered participant. The training fee must be paid before the training event.

Didactics | Methodology

We train you and your team on-site, or we can train you online worldwide in the form of a Virtual Training Series: Interactive lecture, discussion, practical example, case studies, reflection.