Navigating the EU AI Act: A Guide for Internal Audit Professionals

The EU AI Act is the world's first comprehensive regulatory framework for artificial intelligence, extending its reach beyond Europe to impact any organization developing, selling, deploying, or using AI systems affecting EU residents. For internal auditors, this isn't just a legal compliance issue; it signifies a critical shift towards product safety, robust risk governance, and accountability for algorithmic decision-making. Understanding its risk-based framework and the distinction between AI providers and deployers is crucial for effective audit planning and ensuring responsible AI adoption.