Role
Principal Investigator
Description
An individual auditor’s professional scepticism is considered to be the epitome of the auditing profession. Research highlights the crucial role of regulators, professional bodies, and educators in actively fostering professional scepticism among junior auditors and students, particularly given the increasing complexity of business and financial reporting, as well as the technological developments impacting business. Increasing expectations from regulators and other stakeholders for auditors to demonstrate professional scepticism further emphasise the need for educators to enhance awareness of these essential skills and cultivate the necessary attitudes. Given the global accounting community's sustained interest in professional scepticism, it is crucial to understand how AI mechanisms can enhance the skills that enable junior auditors and students to apply professional scepticism appropriately and sufficiently. GenAI can significantly enhance am abstract concept like professional scepticism among junior auditors and students by providing tools and methodologies that promote critical and logical thinking, rigorous analysis, and objective evaluation of evidence. GenAI achieves this through sophisticated machine learning algorithms that identify patterns, anomalies, and trends in large datasets. By exposing junior auditors and students to these AI-driven tools, helps students to develop a critical mindset, encouraging them to question and investigate unusual patterns in financial data, evaluate evidence appropriately, thereby enhancing their level of professional scepticism. This project will entail training a custom GPT on the OpenAI platform before using the OpenAI wrapper API and a web based front end to create a virtual avatar for junior auditors and students to interact with. This methodology aims to create an interactive and personalised training and learning experience for users, supported by AI-driven virtual assistance tailored to their needs.
Date
01 Nov 2024 - 28 Feb 2026
Project Type
N/A
Keywords
GenAI;Auditing;Scepticism
Funding Body
CPA Australia
Amount
27250
Project Team
Mohammad Azim