The discussion on emerging audit technologies, particularly AI and analytics, represents a critical evolution for internal auditors and risk management professionals. As organizations increasingly adopt artificial intelligence and advanced analytics in their operations, internal audit functions must develop corresponding capabilities to provide effective assurance over these technologies. According to ISACA’s guidance on AI governance and audit frameworks, organizations need structured approaches to evaluate algorithmic fairness, data quality, and the ethical implementation of AI systems. This aligns with the growing recognition that traditional audit methodologies must evolve to address the unique risks associated with machine learning models and automated decision-making processes.
For governance professionals and risk managers, the integration of emerging technologies into audit processes offers both opportunities and challenges. The Institute of Internal Auditors (IIA) emphasizes that internal audit should play a strategic role in helping organizations navigate digital transformation while maintaining robust controls and compliance. Advanced analytics can enhance fraud detection capabilities and provide deeper insights into operational risks, but they also introduce new vulnerabilities related to data privacy, model bias, and algorithmic transparency. The COSO Enterprise Risk Management framework provides a valuable structure for integrating technology risks into broader organizational risk assessments, ensuring that audit activities remain aligned with strategic objectives and stakeholder expectations.
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links https://news.google.com/rss/articles/CBMi1gFBVV95cUxQcC1qaFJmVjBhVk9jVmlydjJBRS1ZczlzTzlDS3NudVJhVjctWmloWjU4b2JkNWhnbWtyZU5tV2lpTGg2alNYUy13eWpMeml5OGJQQzFIa3ZSc1l0dHN3a29uS0ZneVVqWkhDTWhJNTBWQ3M0dllHX2trVmJzZzJCYnZNOEhaVHVDdWxLaFBLbmdFRWg3UEpocFAxejNDZFZrQW9ITWptUkxWd0kyY1ZDVUs0NzNWYmgxazZVNWxYaUZiVmRXM2s3UE8ydU9ZcnprRk00djd3?oc=5 1:https://www.isaca.org/resources/artificial-intelligence 2:https://www.theiia.org/en/content/guidance/guidance-on-ai-in-internal-audit/ 3:https://www.coso.org/Shared%20Documents/COSO-ERM-Integrating-with-Strategy-and-Performance-Executive-Summary.pdf
