Description

This course provides a concise overview of how artificial intelligence (AI) is transforming financial strategies, tax compliance, and audit practices in the global retail industry. As retailers deploy AI to personalize customer experiences, automate inventory, and optimize pricing, accounting professionals must adapt to new challenges in data integrity, regulatory compliance, and financial reporting. Drawing on real-world case studies from retail giants and small businesses alike, this course explores how AI technologies intersect with accounting workflows and outlines strategies to maintain accuracy, trust, and control in an AI-driven marketplace.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Instructor: Garrett Wasny, MA, CMC, CITP/FIBP

Target Audience

This course is ideal for accountants, auditors, and finance leaders working in or with retail businesses seeking to stay ahead of AI-driven transformation.

Course Objectives

After attending this presentation, you will be able to...Identify AI trends transforming the retail accounting landscapeAnalyze risks associated with AI-driven financial decisionsApply accounting standards to AI-related investments and expensesEvaluate audit readiness of AI-generated data and outputsDesign internal controls for AI-integrated financial systemsInterpret ethical and regulatory frameworks governing AI use in retailDevelop strategies to align accounting practices with AI innovation

Subjects

The major topics that will be covered in this course include:AI-powered personalization and its impact on revenue recognitionDynamic pricing models and tax compliance risksAI in demand forecasting, inventory valuation, and COGS calculationsIntegration challenges with ERP and POS systemsGovernance, ethics, and auditability of AI decisionsData quality, audit trails, and regulatory documentationAI-assisted fraud detection, financial controls, and oversight