Ep 260: How EY Is Helping Clients Implement AI w/ Paul Goodhew (EY)

This week on The Audit Podcast, our guest is Paul Goodhew, Partner and EY Global Assurance Innovation & Emerging Technology. In this episode, Paul discusses how EY is helping clients implement artificial intelligence and the importance of understanding both the potential and risks of this rapidly advancing technology. He explains why AI is different from all other tool auditors have seen, outlines how EY's AI Assurance Framework is guiding professionals globally, and offers practical advice for auditors learning to evaluate controls that use AI. Paul also shares his personal approach to staying current—testing at least one new AI tool a month—and how EY is equipping hundreds of thousands of people across the firm with the right skills to use AI responsibly.   Be sure to connect with Paul on LinkedIn.   Also, be sure to follow us on our social media accounts on LinkedIn, Instagram, and TikTok.   Also be sure to sign up for The Audit Podcast newsletter and to check the full video interview on The Audit Podcast YouTube channel.   Timecodes:   1:35 - How Paul Uses ChatGPT 7:09 - The One Thing Every Auditor Should Do 9:27 - Why AI Is Different Than Every Other Tool 12:30 - How EY Is Helping Clients Implement AI 17:46 - How Internal Audit Can Build Confidence in AI-Driven Controls 22:21 - Why AI Governance Should Be a Top Priority for Companies 25:21 - When Governance Struggles to Keep Up With Technology 27:45 - Agentic IA Advances within the Next Year 33:44 - Training and Upskilling Teams for the AI Era 37:12 - Final Thoughts   *   This podcast is brought to you by Greenskies Analytics, the services firm that helps auditors leap-frog up the analytics maturity model. Their approach for launching audit analytics programs with a series of proven quick-win analytics will guarantee the results worthy of the analytics hype.  Whether your audit team needs a data strategy, methodology, governance, literacy, or anything else related to audit and analytics, schedule time with Greenskies Analytics.