“In one of my recent audit committee meetings, we dedicated 40% of our time just to AI in internal and external audit.”
LH
Laura Hay
PwC's accounting podcast ·
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require frontier AI companies to implement internal controls, external audits, and a board committee to receive audit reports
“In one of my recent audit committee meetings, we dedicated 40% of our time just to AI in internal and external audit.”
“They’ll implement robust internal controls… partner with external auditors… designate an independent committee of the board… a line to the board that circumvents the CEO”
“Some audit functions move to audio based reporting… converting that to podcast style episodes that audit committee chairs can listen to on the go”
“Every speaker that's coming to the audit committee or the boardroom, try to remember to include their bios. You don't want to waste valuable time during the board meeting going through their backgrounds.”
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