Which of the following is the GREATEST risk associated with using AI in audit planning?

The correct answer is C. Incomplete data. Incomplete data (C) is the greatest risk because AI systems are entirely dependent on the data they process-if the inputs are incomplete, the AI will generate flawed risk assessments, miss critical audit areas, or produce misleading conclusions, directly undermining the…

AI Audit Planning and Execution

Question

Options

AIncreased planning costs
BScope creep
CIncomplete data
DLimited knowledge

How the community answered

(34 responses)

A
6% (2)
B
26% (9)
C
56% (19)
D
12% (4)

Explanation

Incomplete data (C) is the greatest risk because AI systems are entirely dependent on the data they process-if the inputs are incomplete, the AI will generate flawed risk assessments, miss critical audit areas, or produce misleading conclusions, directly undermining the reliability of the audit plan. Increased planning costs (A) is a resource concern, not a risk to audit integrity. Scope creep (B) is a management and discipline issue that can occur with or without AI. Limited knowledge (D) refers to the AI's domain understanding, which is a real concern but is secondary to having complete, accurate data to reason over.

Topics

#AI risks#Audit planning#Data quality#AI in audit

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