NEWS & UPDATES

In today's rapidly evolving business landscape, the Internal Audit function faces unprecedented challenges and opportunities. The increasing reliance on data, the proliferation of Artificial Intelligence (AI) systems, and the ever-present need for robust risk management necessitate a proactive approach to ensure the continued relevance and effectiveness of Internal Audit. The IIA Standard and, crucially for our context, the new IIA Code sets out guidance.

How does your audit team expect to audit AI systems in the future. Here is a guide to some of the areas that you need to consider. AI introduces unique risks and complexities that require specific attention. This post outlines key factors management should consider regarding AI governance and risk management, and the corresponding skills our IA team needs to effectively audit these systems.

This post outlines how an Internal Audit function can enhance its effectiveness and efficiency by integrating Data Analytics (DA).