Governance Over AI and Robotics
October 19, 2020
11:30 a.m–12:30 p.m. ET
Financial organizations have spent millions of dollars to secure software, train and hire exceptional personnel, and establish strong operational programs in their lines of business. But how do you examine machine learning and institute a well-equipped audit program for robotics to ensure full coverage and mitigate the risks of these emerging technologies? As the business continues to evolve its processes and enter into more unconventional endeavors to drive revenue and keep pace with competitors, internal audit also needs to be innovative and cutting-edge to provide assurance to the organization.
In this session, participants will be able to:
- Define what artificial intelligence and robotics mean in the context of financial services.
- Understand how internal audit can add value to an organization’s artificial intelligence and robotics programs.
- Determine whether artificial intelligence is a “black box” internal audit can break open.
- Discuss auditing algorithms and the effect of regulatory scrutiny on complex mathematical models.
- Learn the level of technical competence needed to overcome the audit hurdles.
- Discuss how artificial intelligence and robotics can help with internal audit speed and quality.
Course Duration: 1 hour
CPEs Available: 1
Knowledge Level: Basic
Field of Study: Information Technology
Advance Preparation: None
Delivery Method: Group Internet Based
Bob Herman, CISA, CRISC
Director, Intelligent and Robotics Process Automation Leader, RSM US LLP
Bob Herman has nearly 25 years of experience assessing, designing, and implementing internal control and process improvement solutions. He helps clients embrace the digital world in the areas of assessment and performance of internal controls. Herman has lead the design and implementation of over 50 bots primarily in the areas of controls performance and controls validation to improve and automate repetitive tasks performed by all three lines of defense. He has experience in industrial products, retail and consumer, banking, pharmaceutical, energy, and high tech. Herman speaks regularly at conferences and training sessions on topics including SAP security and controls, project assurance, and intelligent and robotics process automation.
Partner, Risk Consulting, RSM US LLP
Jamie Burgess has over 16 years of experience, with seven years working in a Big Four global consulting firm. She is experienced in enhancing the reliability of processes and systems to better manage and control risk within the business enterprise. Her primary responsibilities are to provide consulting services focusing on clients’ business and IT needs, including strategy, compliance, risk management, and audit services specifically for SEC filers. Burgess’ background includes identification and evaluation of key risks and controls focused in the consumer products industry.
Partner, Risk Consulting, RSM US LLP
Rick Kawecki is responsible for leading and growing the firm’s risk business in the Southeast region. He has more than 20 years of experience helping clients achieve their potential by successfully improving business results, mitigating business risk, implementing change and improving competitive practices. Before joining RSM, Kawecki was a director in the IT advisory and internal audit, risk, and compliance practices of a Big Four accounting/consulting firm for 10 years. During that time, he was one of 25 people chosen to work in its global think tank to develop global methodologies for continuous auditing/monitoring, and was selected lead methodology author for its revised methodologies for Sarbanes-Oxley Securities and Exchange Commission Interpretive Guidance and PCAOB Auditing Standard No. 5. Kawecki also served as a vice president and risk advisor at a bank in Chicago and a senior fund controller at a bank in Pittsburgh.
Director, Risk Advisory Services, RSM US LLP
Jim Tarantino is a Director and the National Data Analytics Champion responsible for helping RSM clients deploy practical solutions to conduct technology-enabled audits, risk assessments, and investigations. Jim has over 20 years of information technology, analytics, audit, and GRC experience through roles at multiple companies including High Water Advisors, ACL Services, RTI International, and Nortel Networks. He has implemented data analytics for over 75 companies in many industries with multiple compliance needs. He has experience working in complex data environments, extracting and analyzing data volumes in excess of 1 billion records for clients in financial services, public sector, transportation, and manufacturing.