ChatGPT and Leveraging Artificial

Intelligence in Auditing
Artificial intelligence (AI) is influencing every aspect of our lives, directly or indirectly.
AI and “augmented intelligence” can help humans perform better at their tasks and
be more efficient. AI-based solutions are becoming more common and affordable,
with ChatGPT serving as a prominent recent example that we will explore in greater
detail below. Opportunities exist across different professions to apply AI, and tech-
savvy leaders can create compelling use cases for AI so that mundane tasks can be
offloaded to AI solutions, and human intelligence can focus more on critical and
creative thinking.

In recent years, the auditing profession has been leveraging innovative technologies
and approaches from the digital world. Agile methodology that was primarily applied
in software development practices are now being applied to an agile auditing
approach. Technology capabilities, such as big data, are used to develop continuous
auditing practices within organizations. Another AI application is Natural Language
Processing (NLP)-based AI solutions, such as Alexa, Siri, Google Home, etc. These
solutions can interpret natural human languages and respond accordingly. In this
blog post, we will be exploring the recent talk of the town, ChatGPT, and how a
solution such as that can be leveraged in auditing.

Experience ChatGPT

ChatGPT is a chatbot, developed by OpenAI. GPT stands for Generative Pre-training

Transformer, a language model that can generate human link text in a conversational
context. You can experience ChatGPT by:

1. Accessing the URL for ChatGPT (https://chat.openai.com/)

2. Sign up for OpenAI account
3. Once you are in the ChatGPT window, type in your query or keywords.
You can see how the chatbot responds to your question.
Using ChatGPT for Basic Audit Program Development

Audit program development is an inevitable part of audit engagement. What if AI

tools can be leveraged to develop a base audit program? This can save time for
auditors, and auditors may need to only fine-tune the audit program if needed to fit
their specific scope and objective. Here is an example of using ChatGPT to generate
a basic IT general control audit program:

Potential Benefits of Leveraging AI in Audit

AI and other emerging technologies can save valuable time and resources by
offloading repetitive and mundane tasks from auditors. This can help auditors focus
more on areas where creativity and critical thinking are important.
AI solutions not only assists experienced auditors. They can also be leveraged by
junior auditors, both to save time and enhance knowledge faster and to further
skillsets for existing and emerging practices and technologies. Additionally, auditors
can leverage AI solutions in enhancing auditing skills and knowledge on emerging
technologies such as autonomous vehicles, blockchain, various connected devices,
etc. AI can also assist the audit function in addressing skills gaps, to some extent,
through the dissemination of knowledge on specific subject matters.

Example of AI-Generated Audit Program for Emerging Technologies

Provided below is the audit program provided by ChatGPT for auditing autonomous
vehicle CAN (Controller Area Network )

AI Safeguards to Be Considered by Auditors

AI solutions are as good as the training of the models and datasets used. Auditors
need to be mindful of a few cautionary points while using AI solutions, such as:

 Public AI uses the data provided by users for further learnings. So,
auditors should be cautious not to provide sensitive corporate or
client information.
 If AI solutions are implemented in-house, auditing functions need to
ensure that the systems are trained well using adequate datasets
and that the training is continuous.
  The audit programs provided by AI-enabled solutions should be
reviewed and adjusted according to scope and objectives of the
engagement.
 AI models must be re-trained with datasets so that the outputs can
be further optimized.

Provided these safeguards are accounted for, increasingly there will be use cases
leveraging AI that can support internal audit functions by improving efficiency,
resource optimization, knowledge and skill development. ChatGPT is a prime
example that will be worth monitoring as the new year unfolds.

Sumber: https://www.isaca.org/resources/news-and-trends/isaca-now-
blog/2023/chatgpt-and-leveraging-artificial-intelligence-in-auditing