COSO creates audit-ready guidance for governing generative AI

COSO creates audit-ready guidance for governing generative AI

Byadmin

Companies looking to manage risks related to generative artificial intelligence (AI) can now turn to guidance built on a widely used framework of internal controls. The Committee of Sponsoring Organizations of the Treadway Commission (COSO) published guidance that relies on COSO’s proven Internal Control–Integrated Framework (ICIF). The AICPA is one of COSO’s five supporting organizations. The…

COSO releases guidance on applying internal controls to AI

COSO releases guidance on applying internal controls to AI

Byadmin

The Committee of Sponsoring Organizations of the Treadway Commission has released guidance outlining ways that organizations can achieve and maintain effective internal controls over generative AI.  Processing Content The COSO publication emphasizes that while generative AI transforms how information is generated, processed, and acted upon, it does not change the fundamental purpose of internal control:…