IIA Doha Chapter holds training on AI
Date
12/19/2021 2:16:14 PM
(MENAFN- Gulf Times)
The Institute of Internal Auditors (IIA) Doha Chapter has organised an online technology training titled 'The AI IA: The Artificially Intelligent Internal Auditor' led by subject expert Adil Buhariwala. Buhariwalla is a partner at UHY James Management Consulting, UAE. His career spans more than 35 years in the UAE and includes 29 years at Emirates Group. He is an accomplished trainer on allied technical topics and motivational subjects. Since 1997, Buhariwalla has been actively involved in the IIA at international levels and was vice chairman of the Internal Auditing Standards Board.
During the training, Buhariwalla said the use of artificial intelligence (AI), such as chatbots, virtual assistants, predictive personalisation for online stores, and augmented analytics has changed people's day-to-day lives.
He said with technological advancements, many new roles emerged, including process automation specialists, innovation professionals, big data analysts, and people and culture experts.
“Among the roles that may go redundant are accountants and auditors, financial analysts, statisticians, and lawyers,” said Buhariwalla, who cautioned that“the probability is 94% of accounts or audit jobs may vanish.”
Buhariwala said,“Technological evolution is here to stay, and the biggest barrier is inertia to change. Auditors should bring out AI awareness for themselves and the organisation they work for and adapt by leveraging to add value and improve operations through systematic, disciplined methods, and innovating.
“Assisting throughout the AI automation programme life cycle, identifying AI automation enabled control activities, and capitalising on intelligent automation for internal audits own activities are ways to go.”
IIA Doha Chapter board member Rajeswar Sundaresan said:“Internal audit competency gaps state that practitioners must keep pace and evolve capabilities to fulfil internal audit's mission amid a rapidly changing and technology-driven landscape.
“With internal auditors increasingly pressured to boost the value to organisations, AI would help take us to this goal. Artificial intelligence, which leverages algorithms to identify and understand patterns and anomalies within data sets, can help more efficiently identify risk areas and execute many other tasks at warp speed. We have to cope with technology, methodology, and governance aspects for 2022 and beyond, and that requires networking with knowledge sharing.”
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