The Institute of Internal Auditors (IIA) recently hosted a workshop titled Using Generative AI for Internal Auditors, attracting 124 professionals from various sectors. The event focused on the potential of Artificial Intelligence to reshape the future of auditing. By incorporating hands-on demonstrations and insightful discussions, the workshop aimed to equip attendees with practical knowledge on using Generative AI to streamline and enhance audit procedures.
Generative AI’s Role in Auditing
The workshop, led by AI adoption experts Hatem el-Safty and Yousif Hussain, demonstrated how AI tools can help auditors perform tasks more efficiently. Through their expert guidance, participants explored ways to integrate these technologies into their everyday audit practices. The trainers emphasised that while AI can speed up processes and improve accuracy, it is crucial for auditors to apply their professional judgment, ethics, and scepticism in all tasks.
Emphasising the Human Element in Auditing
While AI can improve audit quality, the trainers highlighted that the role of the human auditor remains indispensable. AI should be seen as a collaborative tool rather than a replacement for auditors. The importance of human expertise in navigating complex situations was stressed, with an emphasis on ongoing professional development and adapting to the digital tools available.
The Importance of Upskilling in a Digital World
One key takeaway from the workshop was the need for auditors to continuously upskill and embrace new technologies. The evolving digital landscape in auditing presents both challenges and opportunities, and staying ahead in this environment requires constant learning. This approach ensures that auditors can fully leverage AI tools while maintaining their essential role in decision-making processes.
The workshop also provided a chance for participants to engage in discussions about the future of internal audits, reflecting a broader trend in the industry towards digital transformation. AI’s ability to assist in the audit process can enhance organisational value, but it is clear that technology will only augment the skills of the professionals who use it.
This event served as a reminder that AI’s role in auditing is not just about enhancing productivity, but also about fostering a deeper collaboration between technology and auditors. In a rapidly evolving field, the ability to adapt and apply new tools is becoming more crucial than ever for professionals aiming to stay relevant and effective in their roles.
For more insights into how technological advancements are reshaping industries, check out how Qatar Foundation is empowering students to solve complex problems through innovative hackathons here.
