AI's Role in Improving Audit Processes

Discover how ABBYY's Process AI empowers compliance and MRM teams to govern even the most complex AI systems with confidence. Explore how Process AI: 🛠️ Analyzes business processes using event log data 📋 Identifies skipped steps, rework, and inefficiencies 👮 Enables real-time monitoring and alerting 📈 Builds dashboards to track performance and model drift ⚖️ Supports compliance with AI regulations like the EU AI Act Whether you're managing credit decisioning workflows or other critical operations, Process AI helps ensure traceability, audibility, and regulatory alignment—down to split-second automation. Learn how to visualize, analyze, and remediate process gaps with data-driven precision.

In my latest podcast episode, "How AI is Transforming and Disrupting Audit," I had the pleasure of speaking with Rob Valdez, CPA, CISA, CISM, about the impact of artificial intelligence and generative chatbots, like ChatGPT, on the #audit profession. We delve into how these technologies are not just automating routine tasks but are also revolutionizing how we train staff, improve quality, and save time on substantive testing. We also tackle the challenges head-on, including security concerns, integration hiccups, and resistance from the old guard. Whether you're an enthusiast of AI, a professional in the audit field, or just curious about the future of tech, this episode offers valuable insights and actionable advice. Tune in to uncover how AI is reshaping audit practices for the better and what it means for the profession's future. 🎧 Listen now: https://lnkd.in/gZMvuYX3

AI's growing role in internal audit sparks discussion about the future of human auditors. While AI excels at data analysis and automation, the human touch remains indispensable for navigating complex interpersonal dynamics and interpreting nuanced findings. Internal auditors can leverage AI to enhance efficiency and accuracy, but must also embrace critical thinking, ethical judgment, and effective communication—especially in disagreements with audit clients—to provide valuable insights and drive organizational change. Collaboration between human auditors and AI tools will be key to maximizing the benefits of both. #AI #Internalaudit #technology #AdaptingAI