AI Governance & Risk Management for Internal Audit

Overview

Internal auditors play a critical role in ensuring ethical, compliant AI adoption by promoting strong governance, clear accountability and lifecycle monitoring. Nick Ajmera, internal audit leader at an electrical utility, outlines board-level oversight, cross-functional committees and unified policies aligned to frameworks like ISO/IEC 42001 and NIST. He highlights key risks: bias, drift, privacy and explainability and recommends KPIs, vendor controls and monitoring tools to sustain effective AI governance.