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Could AI Technology Replace Internal Audit?

Internal Audit 360

GUEST BLOG POST W ith the rise of artificial intelligence and ChatGPT, sometimes I think that we internal auditors will all soon be out of a job. Unfortunately, machine learning is not quite accessible for me to just ask my computer to do it… so I found an intern! Or data analytics… and internal auditing? The reason?

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The Top Internal Audit Articles of 2023

Internal Audit 360

T here’s a palpable concern for the future among internal auditors. I wouldn’t quite call it anxiety, but there’s certainly some underlying angst about how the next few years will play out for internal auditors. Sounds like a job for internal audit. Upheaval and change will rule the day.

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An AI-Powered Call to Action for Internal Audit

Audit Board

In that brief time, the rapid adoption of generative artificial intelligence (AI) across industries, regions, and demographics has been remarkable. Generative AI has hit critical mass at a pace unmatched by any technology in history. Generative AI has hit critical mass at a pace unmatched by any technology in history.

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Harnessing Technology With Intelligence for Internal Auditors - Part 1

Audit Board

Similarly, predictions about the obliteration of internal auditing by technology have circulated since the advent of spreadsheets but have yet to come to pass. Technology often inspires suspicion, and artificial intelligence (AI) has commanded public attention and sparked resistance.

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Cleary Gottlieb Discusses AI’s Risks for Boards and Managers

Reynolds Holding

Artificial intelligence (AI) [1] was the biggest technology news of 2023. AI continues to revolutionize business in big and small ways, ranging from disrupting entire business models to making basic support functions more efficient.

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Guide to accountant responsibilities

ThomsonReuters

Ever-changing regulations and laws, shifts in client expectations, and advancements in innovative technologies like artificial intelligence (AI) are changing the way firms do business and how accountants serve their clients. Continued Garcia, “The growing use of AI will free up valuable time and energy for an accountant.

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Legal Experts Weigh-in on Labor Department’s Upcoming Worker Classification Rule?

ThomsonReuters

“It was a pretty significant shift because it was going from looking at a lot of different factors, which could weigh in favor or against someone being classified as an employee, to looking at two more limited factors,” said Anne Sekel, managing partner of Foley’s New York office and member of the firms’ L&E practice. .”