Internal auditors can develop a framework for conducting AI engagements, despite a lack of standards and guidance.
The development of artificial intelligence (AI) has become a national strategic imperative for countries as diverse as Canada, China, France, Russia, the U.K., and the U.S. Likewise, the global AI software market is expected to expand from approximately $10 billion in 2019 to $125 billion by 2025, according to technology research firm Omdia|Tractica.
