I was recently quoted in a Forbes magazine article on whether artificial intelligence (AI) could one day replace the internal audit profession. My message was that the growing ability of sophisticated technology to monitor large and complex systems won’t replace internal auditors. Instead, it will enable them to become more efficient and effective in helping organizations solve problems and meet goals.
While I remain convinced of this, what wasn’t addressed in the article is how AI along with other digital and technological breakthroughs will fundamentally change how business is done and in turn how that will change the demands placed on internal audit.…