Assessing AI Governance

and Risk Management

On-Demand - 5 CPEs

Artificial Intelligence (AI) is rapidly evolving. As with any new technology, security and controls lag technological growth. Effective enterprise AI Governance and Risk Management has yet to be fully addressed by many organizations.   

How well AI Governance and Risk Management is executed will have an immense impact on whether the enterprise will achieve its AI objectives and minimize risk. 

In this course we will review the key elements of sound AI Governance and Risk Management. You will leave with resources and guidelines on how to approach an audit of AI Governance, including planning and critical areas for review. 

The course objectives include: 

• Obtain an understanding of important, foundational AI Governance concepts. 
• Review internationally recognized frameworks and resources to assist in developing an AI Governance audit strategy. 
• Obtain AI’s view of key AI Governance controls and how to audit AI Governance. 

The controls discussed are relevant to all AI applications whether developed in-house or using a third-party AI application. 

This seminar provides the opportunity for audit and risk management to move upfront and influence AI security and controls as the technology evolves. 

The intended audiences for this seminar are all auditors (IT Auditors, Business Auditors, Internal and External Auditors), Audit Management and Risk Management who have the responsibility to provide assessments of enterprise risk. 

** Training Courses do not currently qualify for CPA CPE certification but do qualify for CISA, IIA/CIA and CFE certifications. 

Seminar Agenda 

• Why Assess AI Governance? 
• Defining AI and AI Governance 
• AI Governance Risks 
• AI Oversight & Monitoring 
• Review of Enterprise Governance Frameworks 
• COSO Internal Control Framework 
• COSO Enterprise Risk Management Framework 
• COBIT – IT Governance Framework 
• NIST Cybersecurity Framework V2 – Governance 
• Review of Global AI Governance resources including: 
• European Commission – Ethics Guidelines for Trustworthy AI 
• GAO - AI Accountability Framework 
• NIST - AI Risk Management Framework 
• OCC - Model Risk Management Guidance 
• World Economic Forum - AI Governance Framework 
• … and others 
• AI Third-Party Audit Considerations 
• AI’s View – How to Audit AI Governance