Description

This course provides U.S.-based accounting and finance professionals with an in-depth understanding of the EU Artificial Intelligence (AI) Act, the first comprehensive AI regulation in the world. It explores the Act’s key provisions, including its risk classification framework, compliance requirements for high-risk systems, and transparency obligations. Participants will gain insight into how the Act affects organizations operating internationally and how to prepare for compliance challenges. Interactive activities are integrated throughout the course to reinforce key concepts.

Instructor: Cory Ng

Target Audience

CPAs and finance professionals in public accounting and industry, including CFOs, controllers, financial managers, and analysts who want to understand the EU AI Act and its implications for compliance, governance, and global operations

Course Objectives

Explain the scope and risk classifications of the EU AI Act

Identify compliance requirements for AI systems and their applicability to U.S.-based operations

Understand the implications of the EU AI Act for data governance, documentation, and human oversight

Develop strategies to align AI systems with EU regulatory standards

Recognize potential penalties for noncompliance and their significance for U.S. entities

Subjects

Introduction to the EU AI Act: background, objectives, global relevance, and extraterritorial scope

Key provisions and risk classifications: prohibited, high-risk, limited-risk, and general-purpose AI systems; prohibited AI practices

Compliance requirements for high-risk AI systems: technical documentation, data governance, and human oversight requirements; importance of risk management and transparency obligations

Practical steps for U.S. professionals: strategies to align with EU compliance standards; anticipating future regulatory developments