AI Privacy and Audit: Balancing Innovation with Data Protection
Tuesday, 8 July 2025
Chumo
Time: 09:00 – 11:00
This session delves into the ways artificial intelligence reshapes how we handle, analyse, and protect data. Attendees will gain practical insights into managing AI-driven data practices, staying compliant with evolving regulatory frameworks, proactively addressing emerging risks and consider its impact on the audit engagement. By examining AI tools applicable to the audit profession, participants will leave equipped with the knowledge to craft responsible AI strategies that uphold both innovation and privacy.
The introduction of emerging technologies to digitally transform all industries, including the audit profession, presents great opportunities such as collaboration between academia, audit firms, those charged with governance, standard setters and regulators, which can yield significant insight into the adoption of emerging technologies and allows for risks to be mitigated along the way.
AI systems and algorithms can provide opportunities for audit engagements and influence human decision-making, ensuring that ethical considerations related to automation, decision-making, and transparency are kept in mind, and still provide quality audit engagements.
· The Evolution of Auditing as a result of AI
· Benefits & opportunities such as efficiency, improved accuracy, insightful risk analysis, better resource allocation
· Risks, Challenges & Ethical Considerations: data privacy, model bias, interpretability, and transparency of AI decisions
· Ethical Considerations of AI in the Audit Profession
· Audit of AI Systems: Can We Trust the Algorithms?
· Regulatory Perspectives on AI in Audit
· Using Natural Language Processing (NLP) for Contract and Document Reviews
· Misinformation in the Age of AI: Safeguarding Trust and Authenticity
· The Rise of AI Agents: Shaping the Future of Finance
· AI and Privacy: Balancing Innovation with Data Protection
· Protecting Financial Systems in a Cyber Age
· Unmasking Dark Patterns: Designing for Trust and Transparency
Who should attend?
Practitioners that perform audits. This includes partners, managers, trainees and other support staff involved in audit work.
Those charged with governance. This includes CFOs, CAEs, board members and audit committee members.
CPD hours
2 hours