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AI Training for Finance Professionals: Controls, Audit Trails and Numbers You Can Sign

External Audit Expectations About AI in Finance Processes

Quiz: External Audit Expectations About AI in Finance Processes

Tax, Regulatory Filings and Automated Preparation Risk

Quiz: Tax, Regulatory Filings and Automated Preparation Risk

Confidentiality and Price Sensitive Information in Prompts

Quiz: Confidentiality and Price Sensitive Information in Prompts

Vendor Tools in the Finance Stack and What to Check

Quiz: Vendor Tools in the Finance Stack and What to Check

Documenting AI Use for the Audit Committee

Quiz: Documenting AI Use for the Audit Committee

Building a Finance AI Control Matrix

Quiz: Building a Finance AI Control Matrix

Final exam: AI Training for Finance Professionals: Controls, Audit Trails and Numbers You Can Sign

2 of 2

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Quiz: Building a Finance AI Control Matrix

AI Training for Finance Professionals: Controls, Audit Trails and Numbers You Can Sign
Building a Finance AI Control Matrix
Quiz: Building a Finance AI Control Matrix

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Question 1 of 5

1. Question

What is the purpose of a finance AI control matrix?

To justify spending on AI tools
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To document what controls exist for each risk, what prevents or detects the risk and how the control is monitored
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To reduce the need for compliance
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To eliminate the need for human oversight
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Question 2 of 5

2. Question

What are the components of a row in a control matrix for an AI risk?

Only the risk description
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Risk description, control activity, control type (preventative or detective), owner, testing frequency and status
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Only the cost
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Only the name of the AI tool
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Question 3 of 5

3. Question

What is the difference between a preventative and detective control in the matrix?

They are the same thing
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Preventative controls stop the risk from occurring; detective controls catch it if it occurs
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Only detective controls matter
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Only preventative controls are necessary
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Incorrect / 1 Points
Question 4 of 5

4. Question

Who should be involved in building a finance AI control matrix?

Only the CFO
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Finance operations, internal audit, technology/data teams and the CFO to ensure all perspectives are represented
Correct Incorrect Correct answer

Only auditors should build matrices
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Only the AI vendor
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Question 5 of 5

5. Question

When should a finance AI control matrix be updated?

Never, once built it is permanent
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Quarterly or whenever a process changes, to ensure controls remain effective and gaps are identified
Correct Incorrect Correct answer

Only when required by auditors
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Only annually
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