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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

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Quiz: Documenting AI Use for the Audit Committee

AI Training for Finance Professionals: Controls, Audit Trails and Numbers You Can Sign
Documenting AI Use for the Audit Committee
Quiz: Documenting AI Use for the Audit Committee

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Question 1 of 5

1. Question

What is the starting point for documenting AI use for the audit committee?

Send the audit committee technical model documentation
Correct Incorrect Correct answer

Create a simple inventory of every AI tool used in financial processes with basic information
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Do not document AI use, keep it confidential
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Only document after an error occurs
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Question 2 of 5

2. Question

What should be included in a one-page audit committee summary of a material AI process?

Only the cost of the tool
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What it does, what risks have been identified, what controls manage those risks and what metrics show controls are working
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Only the vendor's marketing claims
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Technical details about the algorithm
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Question 3 of 5

3. Question

If an AI system produces a material error affecting financial reporting, should the audit committee be told?

No, only tell management
Correct Incorrect Correct answer

Yes, the audit committee is responsible for oversight of risks and should be informed of incidents
Correct Incorrect Correct answer

Only if the error is very large
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Only in the annual report
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Question 4 of 5

4. Question

Who should own AI governance in an organisation?

No one needs to own it
Correct Incorrect Correct answer

A specific person (CFO, Head of Finance Operations, or Data Governance Officer) responsible for inventory, assessment of new tools and incident escalation
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It is only an IT responsibility
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Only external auditors own AI governance
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Question 5 of 5

5. Question

What role does training play in AI governance communication with the audit committee?

Training is not relevant to audit committee oversight
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Training is a control that reduces the risk of misuse; the audit committee should know what training has been provided
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Only external auditors need training
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Training is only for IT staff
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