Internal audit and AI-enabled fraud

AI has become an invaluable tool for internal auditors, allowing for automation of tasks and more streamlined processes. Unfortunately, AI has also enabled bad actors to pursue more advanced forms of fraud, leading to enormous losses. This report from the IIA, Internal Audit Foundation, and Optro provides in-depth statistics about the frequency and prevalence of AI-enabled fraud within audit and risk, as well as current trends of AI-preparedness.