Demystifying AI: Internal Audit Use Cases for Applying New Technology

A new report from the Internal Audit Foundation and AuditBoard explores how generative AI is transforming internal audit functions. Featuring insights from four audit leaders, the report delves into real-world applications of AI, offering a strategic look at how organizations can harness new technologies like large language models (LLMs) to enhance transparency, accountability, and risk management. With AI poised to augment, not replace, internal audit processes, the findings emphasize the importance of equipping teams with the skills to leverage AI effectively.

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