The next phase: AI and human collaboration powering internal audit transformation It’s time for internal auditors to embrace a new paradigm by leveraging AI to deliver greater organisational value and strategic insights. At a glance 4 min read Look to AI technology enablement as a catalyst to empower CAEs and their teams to deliver stronger strategic oversight and value-added input for the business.In today’s dynamic landscape, relying solely on traditional audit methodologies and technologies is insufficient. Internal auditors must evolve to embrace AI and the demand for organisational agility.The next phase in internal audit’s growth and evolution positions AI enablement as an imperative, one that is complemented by an internal audit team possessing the right talent and skills and empowered to focus more on delivering strategic insights and partnering effectively with the business.Nearly one in four IT audit functions already is using AI and machine learning tools.While it may not be necessary to build a fully AI-enabled internal audit function immediately, what is important now is to get started. Read the full whitepaper The future of internal audit is powered by AI, guided by people, and driven by an innovation culture Our AI-enabled, human-empowered view of internal auditing - Transformation isn’t optional — it’s already underway.Internal audit’s commitment to AI enablement must align to a talent management approach that pairs the use of these technologies with the right people and skills to ensure these tools deliver maximum relevant insights.This combination of AI technology and talent will enable internal audit functions to enhance their current methodologies and supporting technologies while unleashing new and innovative ways to protect and enhance organisational value.Internal auditors are less at risk of being supplanted by AI than they are at being replaced by internal auditors who are more comfortable and adept at using AI. Internal audit technology integration: AI enablement is imperative - There are ample opportunities for internal audit to leverage AI throughout the end-to-end audit lifecycle.Embracing AI enables internal audit functions to enhance processes, deliver insights and improve decision-making. Whether in the early or later stages of implementation, prioritising AI enablement is key to staying relevant and operating at the accelerated pace that is now expected.AI can streamline tasks ranging from transcription and scheduling to report generation and contract reviews.In today’s fast-changing world of AI, the latest developments center around agentic AI; its value-creation potential for internal audit functions is immense. Specialised AI agents can handle complex tasks, allowing auditors to focus on strategic analysis and decision-making.As AI technologies evolve, internal audit teams must integrate AI into their workflows to drive innovation and value creation. Getting started on internal audit’s AI journey - Vision-led. Governance-backed. Outcome-driven.Successful AI deployment hinges on a shared vision and purpose, aligning AI opportunities with business value. Internal audit functions must identify and prioritise AI use cases that drive meaningful outcomes.Best practices include formulating the vision and team, exploring opportunities for employing AI technologies and conducting pilot tests. Emphasising governance and ROI measurement ensures AI integration enhances decision-making and service innovation. Building an AI-ready audit workforce - Technology and talent are now intertwined.It’s vital for CAEs to be aware of and keep pace with how their organisations are transforming. As AI becomes integral to corporate workforces, CAEs must align talent strategies with technological advancements. Attracting and retaining talent skilled in AI and advanced technologies are critical.Internal audit functions must develop strategies that encompass AI-driven analytics and capabilities. This ensures internal auditors are equipped to leverage AI tools and excel in executing collaborative, value-adding activities.Integrating AI into talent sourcing portfolios and training programmes will enhance audit capabilities. Topics Technology Enablement Audit Transformation Artificial Intelligence Find out more about our solutions: Internal Audit Protiviti’s Internal Audit solution combines industry-centric and technical expertise with leading technologies to deliver world-class internal audit services. Artificial Intelligence Services Artificial Intelligence (AI) stands at the forefront of innovation and is revolutionising the way businesses operate and compete. Al is critical to define the trajectory of future growth and value. The opportunity is vast and balance is key to strategic and responsible use of Al. Technology Audit Services Meet your IT risk, governance and compliance objectives through access to leading audit and controls specialists who will help you identify, assess, manage and mitigate key technology risks. Technology Consulting Services Whether you are looking to automate, modernise, or embark on an end-to-end transformation journey, our technology consulting solutions can help. Our services range from strategy, design, and development through implementation, risk management, and managed services. Leadership Shane Silva Shane is an accomplished managing director based in Sydney, leading the data governance and technology assurance practices for Protiviti Australia. With a career spanning more than 16 years in the professional services industry, Shane is recognised for his exceptional ... Learn More Lauren Brown Lauren is the country lead for Protiviti Australia. With over 14 years' experience in governance, risk, and internal control, she specialises across multiple industries including health, higher education, government, consumer products, and energy. She is an active ... Learn More Hirun Tantirigama Hirun is a managing director and Protiviti Australia's technology consulting lead with 18 years’ experience in providing risk and regulatory advisory services across a variety of clients and industries. He has led complex, transformational programs across areas such as ... Learn More Featured insights BLOGS How Microsoft Copilot Can Supercharge Internal Audit 8 min read These days, it’s easy to get caught up in the routine of risk assessments, planning, fieldwork, and reporting during the audit lifecycle. Microsoft’s Copilot for M365 is changing the game for internal audit teams across Australia. By automating... 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