AI Transformation: Audit Committees Play a Crucial Role

While the artificial intelligence (AI) transformation is a part of the larger digital change, it’s taking on a life of its own. Even if a company can adapt to the change, it doesn’t mean it’s ready for AI. There are many more considerations, and it requires a different approach where the audit committee plays a crucial role that will bring valuable oversight and guidance to this technological evolution through their understanding of risk and assurance. As noted in this article by KPMG, there are five questions audit committees and the company boards should ask to help them properly integrate, oversee, and optimize these AI technologies within the organization.