Internal Auditor AI-Assistant-Internal Audit Support

Example

Automatically analyzing transaction data to identify patterns that may indicate fraud, errors, or inefficiencies within an organization.

Scenario

In a scenario where an organization wishes to assess its procurement process for compliance with internal policies, the AI can analyze purchase orders and invoices to identify unauthorized transactions or deviations from standard procedures.

Example

Providing interpretations of internal audit standards and how they apply to specific audit scenarios.

Scenario

When an auditor is evaluating the organization's adherence to the GDPR, the AI-Assistant can guide on how internal audit standards apply to data protection and privacy requirements.

Example

Assisting in the development of audit plans by suggesting areas of high risk or significance based on the analysis of available data and past audit findings.

Scenario

Ahead of an annual audit cycle, the AI can suggest focusing on cybersecurity measures of an organization by analyzing recent data breaches in the industry and highlighting this as a high-risk area.

Example

Offering resources and modules for auditors to enhance their skills in specific areas such as data analytics, risk management, or understanding new regulatory changes.

Scenario

For auditors needing to understand the implications of new financial reporting standards, the AI-Assistant can provide tailored training modules and quizzes to test their knowledge.