“As we think about how we approach auditing AI, it’s important to start with the mission of AI within each organization.”
“As we think about how we approach auditing AI, it’s important to start with the mission of AI within each organization,” Peyton said.
“There are some really fantastic things being done, in many industries. However, there are also some downstream consequences that aren’t as good,” Peyton said. “As auditors, it’s important for us to think about that, talk to those that are on the forefront of what the organization does, and ask the question, “If we are using AI, how are we using it to help advance our objectives?”
This foundational question sets an important context for internal audit’s work. “That’s going to give us the basis for our audits, point of view, risk assessments, use cases, unintended consequences, and the list go on,” Peyton said. “That’s where the audit committee and board really need to ground themselves, which is really the mission and strategy of AI and how it…
