In a significant move to bolster AI governance and compliance, ISACA has unveiled its AI Audit Toolkit. This toolkit is designed to help organisations navigate the complexities of auditing AI systems, providing a structured approach to assess and ensure their AI technologies are both effective and ethically sound. Although focused on Audit, why not use it to help drive design work?
What is it?
ISACA’s comprehensive toolkit is designed to help auditors evaluate the governance and ethical implications of AI systems within organisations. It synthesises controls from various sources into a structured format, offering a clear understanding of how these controls relate to different stages of the AI life-cycle (ISACA) (ISACA). If you want more background and a great walk-through, take a look at this webinar from Lisa Cook, CPA, CRISC, CISA, PMP.
What Does It Mean from a Business Perspective?
From a business perspective, the AI Audit Toolkit represents a significant advancement in ensuring that AI implementations are not only effective but also ethical and compliant with relevant regulations. As AI continues to integrate more deeply into business operations, the risks associated with AI – including bias, data privacy, and decision transparency – become critical areas of focus. The toolkit aids businesses in identifying and mitigating these risks..
The toolkit provides a framework for businesses to assess their AI systems comprehensively. This includes understanding the explainability dimensions of AI, which are crucial for maintaining transparency and accountability in AI-driven decisions. Using this toolkit, businesses can build more resilient AI systems that support both innovation and compliance (ISACA). The toolkit itself can also be used to help ensure that AI system design work is done in a comprehensive and audit ready way.
What Do I Do with It?
For organisations looking to adopt or enhance their AI audit processes, the AI Audit Toolkit offers a practical starting point. Here’s how you can utilise it:
Ensure your Internal Audit group familiarises themselves with the AI toolkit:
- Understand the Controls: Familiarise yourself with the control families and categories outlined in the toolkit. This will help you grasp the hierarchical structure and how each control supports AI governance.
- Plan Your AI Audits: Use the toolkit to design and tailor AI control assessments. This involves understanding the suggested assessment methodology and gathering necessary evidence for selected AI controls.
- Integrate with Existing Processes: Incorporate the toolkit’s guidance into your current audit and risk management practices. This integration helps ensure that your AI systems are consistently evaluated against established standards and ethical benchmarks.
Get the toolkit into the hands of your EAO and Solution Architects:
- Ensure Design completeness: Use the Control Categories and areas to help ensure your design has a sense of completeness.
- Get Audit Ready: Using the AI Audit Toolkit in a design process helps ensure your systems are audit ready – don’t think of the toolkit as an audit only tool, think of it as a design tool.
By effectively utilising ISACA’s AI Audit Toolkit, organisations can enhance their AI governance, ensuring that their AI systems are not only innovative but also secure, ethical, compliant and comprehensively designed.
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