Dbriefs
8 Aug.

AI and GenAI: Revolutionizing internal audit, risk, and controls

Innovation in Risk & Controls

Thursday, 02:00 p.m.  ET | 1 hr
Credits offered: CPE Event language: English

Participants will distinguish AI and GenAI’s significance in risk management, recognizing associated risks and devising strategies to help mitigate them.

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Key takeaways

Host: Mike Schor, principal, Deloitte & Touche LLP

Presenters: Duane Higgins, partner, Deloitte & Touche LLP
                       Geoff Kovesdy, principal, Deloitte & Touche LLP
                       Neil White, principal, Deloitte & Touche LLP

1.0 Overview  CPE credit | Information Technology

In this ever-evolving digital landscape, internal audit, risk, and controls professionals are leveraging advanced technologies to provide value. But how are artificial intelligence (AI) and Generative AI (GenAI) technologies transforming the way risk and controls are managed? We’ll discuss:

  • An overview of AI and GenAI technologies and their real-world applications
  • How these technologies are affecting businesses and providing much-needed insight and capabilities to risk management professionals
  • Related real-world risks and how organizations can be prepared to address these risks while also harnessing the power of AI

Meet the speakers

Michael Schor

Michael Schor

Global Advisory Leader for Bank of America

Michael is a partner in Deloitte & Touche LLP’s Risk & Financial Advisory practice, where he focuses on advising our domestic and international clients on matters of internal controls, including information technology, regulatory matters, risk management issues, and control and compliance management processes. Michael has a specific focus on the internal audit function, with more than 20 years of experience advising Deloitte’s largest clients on the various elements of the internal audit lifecycle, including: risk assessments, audit planning and execution, and reporting to audit committees and key executive stakeholders. In addition to Michael’s responsibilities providing risk-based services to market-leading clients, he also leads Deloitte’s efforts around the modernization of key third line functions. Specifically, Michael focuses on how internal audit functions execute, as well as what internal audit functions focus on, and is known for this work with mid-market and super-regional banks.

Geoffrey Kovesdy

Geoffrey Kovesdy

Deloitte Risk & Financial Advisory

Geoff has 18 years of experience, where he collaborates with his clients to develop bespoke solutions for their strategic opportunities. This includes, but is not limited to digital transformations, process reengineering, business process outsourcing / insourcing, and ERP implementations. His experience involves leading client relationships through Internal Audit, Finance & Accounting, Compliance, Cyber Security, and Risk Management, leveraging the firm’s assets, such as Greenhouse labs and business chemistry sessions, to help his clients and their teams succeed. Geoff specialization is within the risk management domain, where he spends a significant amount of time assisting his clients in modernizing and transforming risk management activities across the 3 Lines through utilizing digital capabilities, such as analytics and automation and innovative ways of working. In addition, he is a member of our Internal Audit Leadership team and leads our Dynamic Risk Assessment capability.

Neil White

Neil White

Principal | Deloitte & Touche LLP

Neil runs Deloitte’s Center of Excellence and is globally responsible for Internal Audit Analytics, addressing analytics for risk dash-boarding, continuous controls monitoring, fraud, and forensics analytics. As a principal in Deloitte & Touche LLP's Risk & Financial Advisory practice, and a national leader in the Deloitte Analytics practice, Neil provides risk and analytic services across a full range of clients and industries.

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Thursday, 8 Aug 2024 02:00 p.m. ET
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