Cherry Hill Advisory Introduces AI-Enabled Internal Audit Services
Cherry Hill Advisory has launched new AI-Enabled Internal Audit Services, integrating a structured AI team and an eight-service AI toolbox with experienced human practitioners. This approach aims to enhance risk visibility, strengthen controls, and deliver greater value to organizations by applying AI within the internal audit framework. The firm emphasizes that human expertise remains central, with technology serving as an enabler.
AI Integration in Internal Audit
Cherry Hill Advisory has unveiled its AI-Enabled Internal Audit Services, marking a significant step in leveraging artificial intelligence to enhance traditional internal audit functions. The firm's model pairs senior human practitioners with a comprehensive AI workforce and an eight-service AI toolbox. This strategic integration is designed to optimize various stages of the audit lifecycle, from scoping and workplan development to fieldwork execution and findings development, while ensuring that human judgment and expertise remain paramount.
Comprehensive AI Toolbox and Specialized Coverage
The new services feature a 19-agent AI team structured around the audit lifecycle, complemented by specialists in critical areas such as IT audit, cybersecurity, fraud, enterprise risk, ESG, AI governance, privacy, and third-party risk. The firm's AI toolbox includes eight distinct services:
- Predictive Risk Assessment: Utilizes three parallel AI models for forward-looking risk sensing.
- Calibr: Focuses on AI governance assessment, configuration review, and program building.
- AssureLens: Provides assurance mapping across the three lines of defense.
- Segra: Conducts segregation-of-duties analysis across over 26 systems.
- PRISM: Audits third-party risk programs.
- Hadley: Offers structured SOC report review.
- Topical Requirement Screener: A free tool for assessing IIA Topical Requirements exposure.
- Audit Pulse Snapshot: A free six-domain audit quality readiness assessment based on the firm's Q360 methodology.
This extensive suite of tools and specialized coverage demonstrates a commitment to addressing complex audit challenges with advanced technological solutions.
Balancing Technology with Professional Expertise
Cherry Hill Advisory's approach underscores the belief that technology should augment, not replace, professional expertise. Experienced internal audit professionals are responsible for interpreting AI-generated results, applying critical judgment, and translating insights into actionable recommendations. This philosophy ensures that while AI enhances efficiency and analytical capabilities, the strategic oversight, ethical considerations, and nuanced decision-making inherent to internal audit remain firmly in human hands. The firm aims to support clients in maximizing value from people, processes, and technology within the broader GRC ecosystem.
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