How Can AI Drive Audits? - ISACA
WEBJun 30, 2021 · With the digital disruption that surrounds IT professionals, it is time to explore how the next generation of artificial intelligence (AI), natural language processing (NLP) and machine learning (ML) techniques can help the audit profession.
Auditing Guidelines for Artificial Intelligence - ISACA
WEBDec 21, 2020 · There are 2 primary aspects auditors should consider while performing the audit of AI applications: Compliance —Assess risk related to the rights and freedoms of data subjects. Technology —Assess risk related to …
Artificial intelligence in auditing | Wolters Kluwer
WEBApr 17, 2024 · Artificial intelligence in auditing offers exciting possibilities for enhancing the efficiency, effectiveness, and impact of internal auditors' work. To implement AI responsibly, auditors must clearly understand AI's limitations and focus on complementing, not replacing, the core competencies of internal auditors.
What AI can do for auditors - Journal of Accountancy
WEBFeb 1, 2024 · In an audit, AI can be used in a variety of ways, including performing journal entry testing by identifying unusual transactions among a large pool of unstructured data and analyzing those transactions for patterns and anomalies.
The IIA’s Updated AI Auditing Framework
WEBSep 3, 2024 · Now more than ever, organizations are looking to internal audit for increased guidance on AI. The IIA has updated its AI Auditing Framework to reflect this ever-evolving world of AI. In four parts, it will help you understand risks and identify best practices and internal controls for AI.
WEBRelative to the Governance component, Part II of this series, The IIA’s Artificial Intelligence Auditing Framework: Practical Applications Part A, addressed accountability, responsibility, and oversight; regulatory compliance; data architecture and infrastructure; and data quality. This document addresses measuring performance.
AI Knowledge Center for Internal Audit Professionals - The …
WEBThe IIA’s Updated AI Auditing Framework. Understand risks and identify best practices and internal controls for AI. Discover Resources. Dive into our diverse selection of resources tailored to every learning style and need.
Auditing of AI: Legal, Ethical and Technical Approaches
WEBNov 8, 2023 · AI auditing is a rapidly growing field of research and practice. This review article, which doubles as an editorial to Digital Society’s topical collection on ‘Auditing of AI’, provides an overview of previous work in the field. …
WEBAI is transforming financial reporting and auditing. They are often seen as time-consuming and monotonous exercises, requiring statistical sampling methods and manual checking of financial data.
Artificial intelligence and the future of the internal audit function
WEBMar 11, 2024 · Artificial intelligence (AI) can support the company’s internal audit function (IAF) by delivering substantial strategic oversight, minimizing manual procedures, and making possible additional...