Artificial intelligence: opportunities and risks

May 2024

Artificial intelligence (AI) has the potential to transform a
company’s business, and its adoption across large firms is
accelerating. Audit committees, charged with overseeing
risk and the integrity of financial data, must keep abreast of
the changes coming from the use of AI and how these
impact governance responsibilities.

On April 10, 2024, members of the European Audit
Committee Leadership Network (EACLN) met with Richard
Jackson, global assurance AI leader, EY, and Paul
Goodhew, global assurance innovation & emerging
technology leader, EY, to discuss recent advances and
deployment of AI and steps toward strong technology