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Is Your Business Prepared for the EU AI Act: Internal Audit’s Critical Role

Is Your Business Prepared for the EU AI Act: Internal Audit’s Critical Role

Description

With the passage of the EU’s AI Act — which has been likened to the GDPR for artificial intelligence — it is essential for businesses to address the impact of AI on their future strategies and operational frameworks. Internal auditors must understand the effects of such rapid technological advancement on their companies’ risk landscape – as well as the potential opportunities cutting-edge technology presents for enhancing audit processes. Balancing AI’s potential as a key catalyst for growth with the growing risks these technologies bring will require internal audit to step into a leadership role in helping their businesses prepare for compliance with the new and evolving AI regulations.

About the speakers

Sofia Ihsan

Sofia Ihsan leads the UK & Ireland responsible AI team and has over 25 years’ experience in technology risk services. She has a depth of experience in internal controls around financial reporting, cybersecurity, and responsible AI. She has led complex projects with major companies across multiple UK sectors to help clients manage technology risks, build confidence, and enhance stakeholder value.

Nishobika Sivakumaran

Nishobika Sivakumaran is a risk intelligence analyst in EY UK&I’s Responsible AI practice. Her dual expertise in emerging technology and financial reporting uniquely positions her at the intersection of regulating AI and leveraging AI for regulation. She leads workshops and webinars on responsible AI drivers, AI governance approaches, and AI assurance methodologies. In addition to working with clients, Nishobika also has a global role in implementing Responsible AI across EY.

Al Mawji

Al Mawji, CMIIA, leads the Alliances UK&I team at AuditBoard. An experienced audit and risk professional with over 20 years of experience, Al spent the last 10 years as a Chief Internal Auditor at Brookfield Asset Management in New York.

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