Understanding the risks of AI in auditing

In this insightful episode of "Speaking of Risk and Audit," Richard Chambers, Senior Advisor for Risk and Audit at AuditBoard, converses with Tom McLeod, Chief Risk Officer and Client Impact Officer for Yellow Canary. With over 35 years of experience, Tom shares his perspectives on the intricacies of risk management and how organizations can better align with audit functions to ensure efficiency and effectiveness in the ever-evolving business landscape. Together, they delve into the challenges and opportunities posed by artificial intelligence within the internal audit world. Tom narrates his initial encounters with ChatGPT and AI technology, discussing the transformative potential it holds for the profession. He further provides practical and aspirational advice for chief audit executives hesitant about adopting AI. The episode captivates the essence of being proactive in embracing technological advancements to turn existential risks into significant opportunities, drawing on Tom's extensive career experiences and strategic insight. Tune in to join Richard and Tom as they navigate the changing tide of risk and audit in the age of artificial intelligence.