Search results for: artificial intelligence
NIST Artificial Intelligence Framework
NIST has published its first-ever risk management framework for artificial intelligence, just in time to help risk and compliance professionals as your boards, senior management, and everyone else starts to wonder whether ChatGPT and similar AI-driven systems will take over the human race. Released last week, the framework is 48 pages long and no, you…
Read MoreGrappling With Artificial Intelligence
Later this week I’ll have the privilege to moderate a panel discussion on artificial intelligence at the Society of Corporate Compliance & Ethics’ 2021 conference — and as fate would have it, COSO published guidance last week on the risk management challenges around AI. So let’s dig into the subject, since clearly the universe is…
Read MoreRepository of AI Risks Available
Some red meat today for everyone panicking about the risks (compliance or otherwise) of artificial intelligence: the brains at MIT have published a catalog of more than 700 potential risks from organizations’ use of AI, which you can use as food to fuel your AI risk management program. A team of MIT researchers known as…
Read MoreBrace for Change, Internal Audit
The Institute of Internal Auditors is holding its annual global conference this week in Washington, D.C., which of course means publication of a long, ponderous study about the current and future state of the profession. This study’s findings, however, point to some deeper truths about the internal audit profession that merit attention. Let’s take a…
Read MoreCompliance Jobs Report: June 21
The Compliance Jobs Report this week has new hires at Nasdaq, US HealthVest, University of Rochester, and elsewhere; plus a slew of compliance and audit promotions at businesses including Pfizer, Citigroup, Regions Bank, and Acushnet. We have job leads in semiconductors, manufacturing, and healthcare; and don’t forget Meme of the Week! Always remember that we…
Read MoreAn Accountability Model for AI
Who’s looking for another thoughtful speech about the compliance implications of artificial intelligence? Because we have one from a top banking regulator in the United States, who raises deep issues about AI that go well beyond the banking sector. The speech comes from Michael Hsu, head of the Office of the Comptroller of the Currency,…
Read MoreNew Help for AI Risk Analysis
We can never get enough help assessing the risks of artificial intelligence these days, so today let’s call out a new effort from the National Institute of Standards and Technology that internal auditors, IT auditors, and cybersecurity risk professionals might find useful. NIST launched a pilot program last week called ARIA (Assessing the Risks and…
Read MoreNotes on Effective Internal Controls
Last week I had the chance to moderate a webinar on an issue eternally flummoxing to compliance officers: building effective systems of internal control. We had great speakers who gave great advice, so as usual I took lots of notes to pass along to the rest of you here. Let’s first appreciate why internal controls…
Read MoreStating Your Ethical AI Principles
Today we have another chapter in our ongoing series about artificial intelligence, and how companies can take a more compliance-aware approach to integrating AI into their operations. This time around I want to look at what the companies themselves are disclosing to the public. The idea came to me as I was researching my previous…
Read MoreCompliance Jobs Report: May 3
This week the Compliance Jobs Report has a stealth departure at Citibank, new hires at Balfour Beatty, Walmart, Masimo, and elsewhere; and lots of internal promotions to note too. Job leads are in banking, credit cards, and IT services; and Meme of the Week goes out to reckless use of artificial intelligence! Always remember that…
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