Audit in the digital realm: AI’s risk-assessing masterstroke.

TLDR: Auditing in the digital age has become increasingly important as cybersecurity risks continue to grow. Artificial intelligence (AI) has emerged as a key tool for risk assessment, allowing for the swift analysis of threats and vulnerabilities. AI can detect and combat various types of threats, from malware to risky user behaviors. It learns over time and can identify new types of attacks. AI also aids in the continuous monitoring of controls and provides support for compliance with IT governance. Incorporating automation into AI-based systems improves the accuracy of predicting outcomes and allows for instant verification of values. However, it is important to note that AI can never replace humans, as they provide the essential insight and experience needed to interpret the output and understand the implications of any anomalies. By combining the capabilities of AI and human expertise, auditors can focus on higher-level tasks and provide strategic risk advisory.