Over the past decade, audit, risk, and compliance functions have undertaken digital transformation to align and optimize efforts to help their organizations become more resilient and sustainable.
At the same time, these transformations must serve the second purpose of helping to reduce the administrative burden and manual tasks historically plaguing audit, risk, and compliance teams with already limited resources. Artificial intelligence (AI) will play a critical role in helping teams support both objectives simultaneously — building more resilient organizations while getting more done with less effort. To understand the full scope of the AI opportunity for audit, risk, and compliance teams, however, it’s also important to understand evolving organizational expectations around the roles these teams play.
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Source: Auditboard