AI for IA - An intro to AI for internal auditors - May 2025
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28 May 2025 12:00 am - 12:00 am
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Training course
Created specifically for internal auditors, this is a foundation course for those who are seeking to understand the fundamental concepts of the new wave of Generative AI.
Created specifically for internal auditors, this is a foundation course for those who are seeking to understand the fundamental concepts of the new wave of generative AI. It will explore what it means for them professionally, the challenges it poses for their organisation, the potential benefits and pitfalls of its use, and ultimately how they can quickly and easily start to use the technology to enhance their impact and productivity. The course also promotes idea exchange and network benchmarking between participants
Course overview
This course will be of value to internal auditors who are curious about generative AI and would like to take their first structural steps into its use. Those that will benefit the most from the practical use cases in the course are those at the beginning or early stages of their journey with either no or basic exposure to generate AI models such as ChatGPT, Claude, Google Gemini, or Microsoft Co-Pilot for example. Heads of audit and those with leadership responsibility will benefit from the course as a stimulant for their functional AI development and how to galvanise their teams on their AI journey
Upon completion you will be able to:
• define the basic concepts of generative AI
• identify various standards and guidelines associated with the use of AI
• identify the various interaction points between AI and the internal audit team
• identify the risks and opportunities of generative AI, and what that may mean for internal audit teams
• identify and evaluate a portfolio of potential use cases for LLM generative AI in your teams
• explain the fundamentals of Prompt engineering for improved responses and content generation
• construct your own prompts and use generative AI models in the context of internal audit
• appraise and defend ideas and learnings with peers
Pre-reading:
- What is AI? Why now? Basic Terminology
- AI Risk Summary & Source Links
- AI Checklist for Internal Audit
1st Half
- The principles of Generative AI & the importance of critical thinking/HITL.
- The AI Environment: AI Risks, Ethical & Responsible AI, Legislation & Standards, and the importance of AI Policy
- The internal Auditors Roles in the context of AI: AUDITOR, CHAMPION, USER and what each of those means.
2nd Half
- Adopting an AI mindset – how to work with Generative AI as an Internal Auditor
- Principles of prompting and prompt engineering
- Walk through of IA centric use cases through live demo and screenshots.
- Performance (Engagements)
7 CPE points
Stephen Foster CMIIA, ACMA, CGMA, BSc(hons) Finance & Accounting
- Former CAE, CFO & SVP Finance Development, DAF, Danone, Philips, Cargotec.
- Worked in a diverse range of industries and global businesses for more than 30 years.
- Recently left the corporate world and have dedicated time and energy into research and hands on engagement of Generative AI with a particular emphasis on its use for enhancing impact and productivity.
- Fully independent with a professional user and audit leaders’ perspective.