AI expands the internal auditor's role beyond corporate watchdog
Internal audit experts say artificial intelligence is broadening the profession's functions: beyond analysing data, tools interpret contracts, procedures and communications, link evidence and help formulate hypotheses about risks or control weaknesses. The partner at EY's Internal Audit & Risk Consulting says the role must help governing bodies anticipate vulnerabilities without losing independence. Spain's Institute of Internal Auditors notes that AI also requires auditing how AI itself is used and increases the workload.
In 35 seconds
- AI tools can interpret contracts, procedures and communications and link evidence to detect risks
- The internal auditor must anticipate vulnerabilities and assess whether controls keep pace with the business, without taking part in management decisions
- Spain's IAI says AI creates more work because how AI itself is used must also be audited
Read the full story at ABC
IASummary generated by artificial intelligence from a story by ABC. It may contain errors: the original source prevails.
Comments
Be respectful. Comments reported by several people are hidden until a moderator reviews them.
You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.