Part VI
The Future of Auditing:
AI as a Learning Partner

Mary Breslin, CFE, CIA

The auditing profession is one that requires continuous learning and development. Whether it’s keeping up with new regulations, mastering the latest auditing techniques, or simply staying informed about industry trends, auditors must be committed to lifelong learning. Traditionally, this has involved attending workshops, reading industry publications, and participating in professional development programs. However, with the advent of AI, and tools like ChatGPT, auditors now have a powerful new ally in their quest for knowledge.

ChatGPT as a Personalized Learning Partner

ChatGPT’s potential as a learning partner is immense. Unlike traditional learning resources, which can be static and time-consuming to navigate, ChatGPT provides real-time, interactive support that is tailored to the user’s needs. For example, an auditor new to data analytics can use ChatGPT to learn the basics of SQL, understand key concepts in data mining, or get step-by-step guidance on how to analyze a dataset. This personalized approach to learning allows auditors to build their skills at their own pace, focusing on the areas where they need the most help.

Instant Feedback for Practical Learning

One key benefit of using ChatGPT as a learning tool is its ability to provide instant feedback. For instance, if an auditor is unsure how to approach a specific audit task, such as drafting an internal control report, they can ask ChatGPT for advice. ChatGPT can provide examples, suggest best practices, and even help troubleshoot issues the auditor may encounter. This immediate feedback loop is invaluable, as it allows auditors to learn by doing, reinforcing their understanding through practical application.

Staying Informed with the Latest Developments

In addition to providing guidance on technical tasks, ChatGPT can also help auditors stay informed about the latest developments in their field. Whether it’s changes in accounting standards, new regulatory requirements, or emerging risks in the industry, ChatGPT can keep auditors up to date with timely and relevant information. Auditors can ask ChatGPT to summarize new regulations, explain complex concepts, or even predict how certain trends might impact their work. This ensures that auditors are always informed and prepared to adapt to changes in their profession.

Career Planning and Professional Development with ChatGPT

Another valuable aspect of ChatGPT as a learning partner is its ability to assist with professional development and career planning. Auditors can use ChatGPT to explore different career paths within the field, learn about the skills and qualifications needed for various roles, and get tips on advancing their careers. ChatGPT can also help auditors prepare for certifications and exams, such as the CPA or CIA, by providing study materials, practice questions, and test-taking strategies.

Enhancing Collaboration and Knowledge Sharing

Finally, ChatGPT can play a crucial role in fostering collaboration and knowledge sharing among auditors. In a profession where teamwork is often essential, ChatGPT can facilitate communication by providing clear and concise explanations of complex topics, helping team members understand each other’s perspectives, and suggesting ways to integrate different viewpoints into a cohesive strategy. This collaborative learning environment not only enhances individual skills but also strengthens the overall performance of the audit team.

Conclusion: The Future of Learning in Auditing

ChatGPT represents the future of learning in the auditing profession. By offering personalized, real-time support, up-to-date information, and opportunities for collaboration, ChatGPT helps auditors stay ahead of the curve in an ever-evolving field. Whether you’re a seasoned professional looking to upskill or a newcomer to the world of auditing, ChatGPT is an invaluable resource that can help you achieve your learning and development goals.

Mary Breslin, CFE, CIA, is president and founder of Verracy, a training and consulting company. Contact her at mbreslin@verracy.com.