Artificial intelligence solutions are changing the audit and risk management landscape. At the same time, firms are working to become more versatile to keep up with these AI audit solutions in the face of rapid technological and regulatory change.

Against a backdrop of rapid industry evolution, Protiviti Inc. and AuditBoard Inc. have worked to strengthen their alliance with a focus on ecosystem integration. AuditBoard has provided Protiviti with resources needed to develop and integrate new solutions, according to Eric Groen (pictured), managing director of internal audit and advisory, and AuditBoard partner lead at Protiviti,

Protiviti’s Eric Groen talks with theCUBE about accelerating the auditing process.

“A lot of these solutions we’re building in-house, and then we’re able to apply it to the AuditBoard platform,” Groen said.“That way, our customers don’t necessarily have to go outside the platform; they can stay in the platform — they can use the platform — and [that] really [helps] them to save time.”

Groen spoke with theCUBE’s Rob Strechay and Rebecca Knight at Audit & Beyond, during an exclusive broadcast on theCUBE, SiliconANGLE Media’s livestreaming studio. They discussed AI audit solutions and how the profession is adapting to change with greater agility. (* Disclosure below.)

How AI audit solutions streamline operations

AI is generating major talk across the industry as a transformative force, helping organizations streamline work. But quality is not being sacrificed for speed, according to Groen.

“One thing that’s great about audit and audit professionals is we’ve always had a really high level of quality,” he said. “That doesn’t change. What I think does change is the amount of time that it takes to do things,” Groen said.

Nearly every time Protiviti discusses building an AI agent or exploring use cases with clients, it asks them to measure the time and value each task provides, according to Groen. These can be uncomfortable conversations, but they’re essential for understanding real efficiency gains.

“Take, for example, an auditor that used to do 10 audits a year, now maybe we can do 20 audits a year,” he said. “Or if we are doing those 10 [extra] audits or we’re going to stick to these 10 audits, how many more samples can we test? How big of a sample can we test? What are we going to look at? The other thing that’s interesting though is the more you dig, sometimes the more you find.”

Here’s the complete video interview, part of SiliconANGLE’s and theCUBE’s coverage of Audit & Beyond:

(* Disclosure: TheCUBE is a paid media partner for the Audit & Beyond event. Neither AuditBoard, the sponsor of theCUBE’s event coverage, nor other sponsors have editorial control over content on theCUBE or SiliconANGLE.)

Photo: SiliconANGLE