TPR2412. The Rise of AI: The Integration of AI In Third Party Risk Audits

We are on a journey in which artificial intelligence will transform how we use IT both in business and our personal lives. Understanding AI and how service organizations could use it in their systems, will be critical to SOC practitioners going forward. Formulate a plan to assist your clients in understanding the implication of AI on their SOC reports and assess its impact on your engagement risk.

Learning Objectives:

• Identify the types of AI and their potential impacts on systems used by service organizations
• Recognize the effect of AI on the processes and controls at service organizations.
• Identify AICPA and profession efforts to understand and provide guidance when AI is material to the subject matter of an attest engagement.
• Identify when AI is relevant to your understanding of the service organization’s system and the risk of material misstatement.