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Article

How AI is Shaping the Future of Internal Audit (eBook)

Author:
Wamika Katoch
Wamika Katoch
Published:
December 2, 2024

There’s no denying it, AI is taking over.

Check any tech news right now, and you’ll see AI plastered all over—ChatGPT this,Generative AI that—and we’ve even contributed to the buzz with our own announcements of UpLink and DocuMine. You can’t escape it!

AI is already making a big impact in the audit space—boosting speed, accuracy, and efficiency at many leading firms—while keeping the auditor's judgment central to the process.

For a traditionally cautious sector, the growth of AI in audit seems uncharacteristically exponential. It’s clearly having a positive impact. That being said, AI adoption in internal audit tells a different story.

This raises an important question: “Why is internal audit more hesitant to embrace new technology compared to, for example, external audit?”. This, in turn, raises a second, more interesting question: “What real-world, day-to-day benefits could internal audit teams gain from adopting AI?”

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