Maximizing AI Visibility for Finance and Internal Auditors

In the final installment of her series, Janine Koch outlines seven practical steps finance and internal audit professionals can take to strengthen organizational visibility into AI.

In this third and final installment we provide a practical roadmap for Finance and Internal Audit on the AI implementation journey! We can help further that journey with an AI governance and readiness assessment.

Risk Assessment Advantages. Automating your risk assessment procedures allows your audit team to focus on high-level analysis rather than repetitive data entry tasks. By utilizing IntelliAudit AI, your firm can achieve a more comprehensive understanding of risks while maintaining full ISA compliance across all engagements. #RiskManagement #AuditTips #TechEfficiency #ComplianceTools

Risk Benchmarking: “If I can get [AI] to tell the human ‘there’s probably a problem here’, then humans are usable” – veteran model risk manager https://hubs.li/Q04pRKq_0   Non-subscribers can get a snapshot of Risk’s coverage. Registration is free and allows you access to two articles of your choice, a newsletter and all resources: https://hubs.li/Q04pRTRM0

#Risk management becomes more effective when governance knowledge is easily accessible. At #Starling #Elevate, we developed an #AI Risk #Identification & Management Platform powered by #GenerativeAI and #Retrieval Augmented Generation (#RAG) to help organizations centralize governance policies, streamline compliance reviews, and improve audit readiness. The platform enables teams to retrieve policy backed answers through natural language queries, accelerating risk assessments, supporting compliance activities, and providing faster access to critical governance information. Discover how Starling Elevate is helping organizations transform risk management and compliance with AI. Read the full case study: https://lnkd.in/dpmYAVPW #generativeai #rag #riskmanagement #compliance #governance #audit #enterpriseai #finance #awsbedrock #starlingelevate

🤖 Understanding risk shouldn't require a spreadsheet and a market analyst. Pillar's AI assistant continuously monitors your positions and highlights what matters most — where you're exposed, how market movements are impacting your business, and opportunities to reduce risk. The result? Faster decisions, clearer visibility, and more confidence in every market move. 💡 Risk management, explained in plain English. Explore the platform: respark.com/pillar #AI #Hedging #CommodityRisk #ReSpark #Pillar #ScrapMetal

AI is redefining the financial industry. AI is already widely used in: Risk management Fraud detection Robo-advisors Quantitative analysis Market forecasting Automated compliance The real advantage isn’t predicting the market, but rather: Helping investors analyze information faster and more comprehensively. Future competition in the financial sector will likely be: AI-assisted decision-making + human expertise. #FinTech #AI #Finance #Investing

What role should AI play in compliance? In this new article from SCCE, HCCA, and Moody's, explore how compliance professionals are using AI and data analytics to improve third-party risk management while maintaining human oversight. https://hubs.ly/Q04nnp2_0

Launching a short daily series: AI and Risk Snippets Short observations on how AI is changing risk, controls, governance, assurance, and operational resilience. Not long essays. Not framework dumps. Just one practical thought each day on where risk management needs to evolve. Because AI risk is not just about models. It is about decisions, processes, controls, people, data, vendors, accountability, and assurance. First snippet drops today. #AIandRiskSnippets #RiskRewired #AIGovernance #RiskManagement #OperationalRisk #Controls #GRC