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AICA Level1

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117 views2 pages

AICA Level1

Uploaded by

mandargames96
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Course Title: AI for Chartered Accountants (AICA)-Level 1

Participants Chartered Accountants


Pre-Requisites Basic Computer and Microsoft Office Knowledge: Concept of basic
Finance, Audit and Statistics, Problem Solving Skills.
Note: ICAI will provide participants with study materials and
learning content in advance. Participants are required to bring their
own laptops.
Course Objective To develop a foundational understanding of AI concepts, enhance
proficiency in using AI tools relevant to both practitioners and
industry professionals, and build AI skills to effectively leverage AI
technologies in professional practices.
Course Duration: 18 hours (6 hours every day for 3 Days)
21st, 22nd and 23rd August,2024 at COE Hyderbad
Course Fee 5000+GST/-
Teaching Methods: The teaching methodology in the physical classroom will
(Physical-Class encompass lectures and presentations, interactive discussions,
Room) practical exercises, and hands-on sessions. Participants will engage
in a capstone project for an immersive learning experience,
incorporating real-life AI applications in finance and audit practices.
Additionally, group projects and case study analyses will be used to
enhance participant engagement and understanding.
Assessment Methods: • Quizzes and Assignments.
• Group Project presentation.
• Final exam
CPE Hours 18 (Structured)
Certificate on Passing AI for Chartered Accountants (AICA)-Level1
Exam
Course Modules:
Particular Details
Module 1 Overview of AI, Block Chain, Cloud Computing, Dx for Accounting,
Overview of AI & Ethics, Robotic Process Automation (RPA), Internet of things (IoT), World
Basic Concepts Wide Web.
Module 2 Overview of Digital Transformation and AI. Overview of emerging
Introduction to AI technologies. How digital changes will impact chartered accountants.
Introduction to AI technologies impacting Finance & Audit.
Evolution of AI in professional fields (e.g., machine learning, natural
language processing).
Module 3 Tools and techniques for data analysis in Finance & Audit. Case
Dx for Accounting studies on data-driven decision-making. Hands-on exercise with a
popular Dx for Accounting tool. AI Use Cases for Members in
Practice & Industry.
Module 4 Understanding data types and Structure.
Machine Learning Introduction to Machine Learning Concepts.
Basic Basic algorithms relevant to Finance & Audit.
Module 5 Practical applications of AI & ML Concepts in the Finance Sector.
AI & ML Reporting and Dashboard. Fraud detection through pattern recognition.
application in Predictive analytics in Financial Forecasting.
Finance
Module 6: Natural Generative AI in Finance & Audit.
Language Processing Understanding NLP and its applications in Finance & Audit.
(NLP) in Finance & Automated document analysis and report generation.
Audit Case study: AI-driven tax and regulatory updates.
Practical use cases and demonstrations.
Automation of Transactional processed using AI.
Module 7 Ethical Ethical issues and governance in AI applications.
Considerations and Responsible AI in alignment with government guidelines.
Future Trends Future trends in AI and Finance & Audit. Recap and examination.
Module 8: Steps for starting AI projects in finance.
Implementing AI Managing AI project lifecycle: from planning to evaluation. Group
Projects in Finance project: Designing a small AI solution for Finance & Audit problem.
& Audit
Module 9: AI tools for risk assessment and compliance.
AI in Auditing & Continuous auditing and real-time reporting systems.
Tax Ethics and reliability of automated systems risk management guidelines.
Include ISO 42001 for AI in business society.
Consider ISO 23894:2023 for AI risk. Practical use cases and
demonstrations.
Module 10 Final Final Exam Structure:
Exam Module A: Objective Paper - 30 Marks (10 Marks on Each Day)
Module B: Group Presentation on Use Case Demonstration - 20
(10 Marks on Day1 & 10 Marks on Day-2)
Marks, Passing Marks: 25 Note: Final Exam and result to be declared on 3rd
Day Only.

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