In today’s rapidly evolving technological landscape, generative artificial intelligence (GenAI) has emerged as a catalyst for technological advancement in internal audit. While many teams have access to GenAI tools, visionary CAEs have outgrown off-the-shelf solutions. They recognize the revolutionary nature of this technology and seek transformational outcomes that go beyond incremental productivity enhancements.
Our new article explores how innovative CAEs and their teams are using GenAI to enhance their effectiveness and efficiency. They utilize GenAI for tasks such as comparing control matrices, creating audit program guides, testing internal controls, and generating findings. The paper emphasizes the importance of incorporating GenAI into the IA function to drive value and mentions its integration into major technology platforms. It also highlights the business value generated by applications developed using LLMs. IA leaders are urged to adopt these technologies to maintain credibility, address challenges, and attract talent.
