Keeping the Internal Audit Function Aligned
The thought paper introduces an easy-to-apply method to develop transformation goals, expected progress with relevant stakeholders and includes examples of key performance indicators.
Talent management is important in the internal audit function, in terms of technical abilities and adequate knowledge as well as professional and personal growth of the internal auditors. New skills are required for internal auditors and there are different ways to acquire them.
Internal audit should consider numerous engagement or control objectives, and activities or procedures, in implementing the Framework and providing advisory, assurance, or blended advisory/assurance internal audit services related to the organization’s AI activities.
To help internal audit fulfill this role, internal auditors can leverage The IIA’s AI Auditing Framework in providing AI-related advisory, assurance, or blended advisory/assurance services as appropriate to the organization.
Internal audit can help an organization evaluate, understand, and communicate the degree to which artificial intelligence will have an effect (negative or positive) on the organization’s ability to create value in the short, medium, or long term.
Public sector organizations are expected to serve the public good, uphold the principles of ethical governance, and comply with myriad laws and regulations. Yet the nature of politics may put pressure on, or conflict with, ethical governance principles.