Artificial Intelligence (AI) 101 For Audit Committees

Audit Committee Effectiveness: A Webinar Series The increasingly rapid adoption of artificial intelligence-enabled technology has sparked a dialogue about how to encourage innovation while addressing the associated risks. AI has been around for decades but the advancement in the past 18-months, powered by the likes of OpenAI’s ChatGPT and Google’s Bard, is capturing the attention of corporate leaders around the world. AI is increasingly finding its way into product design and even non-tech companies are already monetizing new products with embedded AI. Companies are excited about the prospects AI can offer; at the same time, there are concerns about the elevated risk profile it introduces. Corporate boards are focusing on better understanding the technology and establishing guardrails to ensure risks of information security, data quality, hallucinations, and other areas are appropriately managed. Join the CAQ and NACD for a webinar to learn about what AI is and isn’t, examples of how businesses are using the technologies that encompass it in financial reporting, and what questions boards should ask of corporate management. Panelists: -Vanessa Teitelbaum, CPA, Center for Audit Quality, Senior Director, Professional Practice -Richard Jackson, EY Global Artificial Intelligence Assurance Leader -Cory Hrncirik, Microsoft, Modern Finance Lead -Linda Zukauckas, CAQ Audit Committee Council member, TransUnion Audit Committee, Zelis Audit & Compliance Chair Learn more at www.thecaq.org *Captions are auto-generated*