"Artificial intelligence (AI) applications are ubiquitous in business and our personal lives. From asking your smartphone for the weather forecast to determining the credit worthiness of a customer, AI creates efficiencies in our personal lives but may pose complexity and risk for our internal audit profession. Often its presence is so subtle that many of us do not even realize the impact of AI on the workplace of our clients and, by extension, our audits. While many internal auditors are competent in information technology (IT) governance, #risk, and controls (GRC), it would be dangerous to overlay IT audit concepts and techniques onto AI applications absent an appreciation of AI and its unique characteristics. The purpose of this report is to begin by explaining two such characteristics.?"
