OVERVIEW
How will risk management and internal audit professionals leverage its capabilities and address its risks?
“Risk Management and Internal Audit professionals have been talking about Chat GPT.
Many are curious about how it can enhance risk management and internal audit work, be it risk assessment or report writing.
If you haven’t heard of it, where have you been?"
As technology continues to evolve, risk management & internal audit professionals are constantly on the lookout to implement new tools to improve the efficiency of their work. The incorporation of Artificial Intelligence (AI) tools, such as ChatGPT, has the potential to bring about huge benefits to the industry.
ChatGPT represents a prime example of AI technology that warrants close monitoring in the coming year as its many benefits continue to unfold. Before diving into the opportunities and risks of using ChatGPT in the audit process, it is important to understand what we are dealing with. ChatGPT is essentially language model developed by OpenAI. It has been trained on vast amounts of data and is able to understand and respond to human language to complete various language-based tasks. For example: answering questions, writing, researching & summarizing information.
ChatGPT is a great tool that can assist day-to-day risk management & internal audit work. Nevertheless, it is crucial to acknowledge its limitations and maintain professional scepticism when using it. By incorporating appropriate safeguards, ChatGPT can increasingly support risk management & internal audit functions, resource optimization, and knowledge development.
Favourite Asked Questions:
• How can risk management & internal audit professionals leverage ChatGPT?
• What are ChatGPT’s limitations?
• What are the risks of using ChatGPT in risk management & internal audit work?
• Should risk management & internal audit professionals be concerned that ChatGPT would replace them in their organisations?
The new language technology is a big leap forward, but are you ready to take advantage of its rapid development and leverage its capabilities and address its risks?
Our 1 Day Practical Application of ChatGPT in Risk Management and Internal Audit course provides participants with a focused understanding of how ChatGPT, a cutting-edge language model, can be effectively used in risk management and internal audit processes. There will be mini lectures, interactive discussions and practical exercises using ChatGPT for risks and internal audit tasks.
SIGN UP with us if you are MAD enough. MAD stands for “Making a Difference” if your organization wants your employees to gain the knowledge and skills required to integrate ChatGPT into their risk management and internal audit functions, optimising decision-making and enhancing overall effectiveness.
OBJECTIVES
- UNDERSTAND the fundamentals of ChatGPT technology and its potential applications in risk management and internal audit.
- EXPLORE the benefits and limitations of using ChatGPT in risk management and internal audit processes.
- INTEGRATE ChatGPT into risk identification and assessment activities to enhance decision-making.
- DISCOVER techniques for leveraging ChatGPT in risk mitigation, control design, and internal audit.
- LEARN practical techniques for effectively communicating and documenting ChatGPT-generated outputs to stakeholders.
- UNDERSTAND the ethical considerations and challenges associated with using ChatGPT in risk management and internal audit.
- GAIN hands-on experience through practical exercises to apply ChatGPT in real-world scenarios.
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