We will soon encounter generative AI in many parts of our everyday working lives. With this framework, internal audit can deal with the risks at an early stage. It can sensitize the audited parties and support them in setting up suitable governance and a control environment. From this perspective, the Generative AI Governance Framework is an ideal tool for positioning internal audit as a reliable point of contact for risks associated with the use of artificial intelligence.

Effective AI adoption will be a massive competitive advantage but many don’t know where to start and how to apply it. A few AI tools exist now with many on the way, and they are coming fast. Having a smart AI adoption strategy with underlying controls, data and processes that are ready for AI takes time. The most competitive companies are doing these things now.

The AI Governance framework presents a fantastic approach for internal auditors, but also for other assurance providers and the board to create and validate an effective AI governance structure.

At Boomi, we understand the power of clarity and action. This AI governance framework, which I had the privilege to help shape, epitomizes that by providing a one-page summary ideal for boardroom discussions, alongside a detailed breakdown of controls for practical implementation. It’s designed not only to be adopted but also to be adapted, allowing companies to assess their compliance and maturity, identifying areas of strength and opportunities for improvement. We’re proud to be among the first to implement and champion a tool that so effectively bridges the gap between strategic oversight and operational excellence.