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The AI Governance Playbook for Internal Audit

A Practical Guide to Providing AI Assurance and Advisory Services

By Tom O’Reilly and the Members of the Internal Audit Collective

A practical roadmap for planning and executing AI governance projects

Example project scopes from actual AI governance projects

Key project activities to consider including in any AI governance project

Lessons learned, leading practices, and actionable guidance based on practitioners’ first-hand experience

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eBook Preview & What You’ll Learn

AI is fundamentally changing how work gets done, and Internal Auditors have a critical opportunity to help organizations adopt AI responsibly while strengthening governance, managing risk, and creating business value. Boards and executive teams urgently need trusted advisors who can provide independent assurance and practical guidance on AI governance. In fact, Internal Audit’s ability to credibly advise organizations on AI use and governance is critical for ensuring our profession’s ongoing relevance. 

Every Internal Auditor already has the risk mindset, objective perspective, independence, curiosity, and risk, controls, process, and change management expertise needed to do this work. But where should you begin? What should an AI governance review actually include? And how can you develop the knowledge and confidence to start asking the right questions in your organization?

In The AI Governance Playbook for Internal Audit, Internal Audit Collective founder Tom O'Reilly brings together insights and practical, real-world guidance from more than 50 Internal Audit practitioners. We asked ourselves, “What do Internal Auditors need to get started?” The answers are in this eBook.

Download your copy of the eBook for actionable insights and how-to guidance on:

Defining Internal Audit's role in AI governance and identifying high-impact assurance and advisory opportunities

Planning and executing AI governance reviews, including project scopes, use case inventories, risk or gap assessments, policy creation, RCM creation, controls testing, reporting, monitoring, training/awareness, and more

Applying practical frameworks, governance principles, and real-world examples to help you accelerate your AI governance journey

Project examples, leading practices, and lessons learned from Internal Auditors with AI governance projects completed or underway

You already have the skills you need. This eBook gives you the foundational AI governance knowledge you need to (1) start having the right conversations with the right stakeholders, and (2) start planning and executing your first AI governance project.