#United States #Cherry Hill #Internal Audit #Cherry Hill Advisory #AI-Enabled Services

Cherry Hill Advisory Introduces AI-Enabled Internal Audit Services

Cherry Hill Advisory, a leader in internal audit and risk advisory services, has made a significant leap into the future by launching its AI-Enabled Internal Audit Services. This pioneering initiative is designed to streamline the audit process while enhancing the quality of service provided to clients.

The Power of AI in Auditing

The newly introduced services merge experienced human practitioners with a sophisticated AI infrastructure. This combination ensures that clients benefit not only from advanced technology but also from deep industry insights. The AI team consists of 19 agents strategically organized around the complete audit lifecycle. This includes crucial processes such as scoping and workplan development, audit quality assessments, fieldwork execution, findings development, and evidence organization.

By utilizing an eight-service AI toolbox, Cherry Hill Advisory aims to cover various aspects of internal audits comprehensively. These services range from predictive risk assessments to structured reviews of security reports, thereby addressing multiple dimensions of risk from IT audits and cybersecurity to enterprise risk management and third-party risk.

A Comprehensive Approach to Risk Management

Cherry Hill Advisory's approach is rooted in a commitment to merge AI technologies with authoritative frameworks, leveraging deep subject matter expertise to elevate organizational risk visibility and control. According to Mike Levy, the CEO of Cherry Hill Advisory, the firm aims to lead the change in AI adoption in the internal audit sector. This is achieved by applying cutting-edge technologies while maintaining a professional and authoritative perspective.

The AI toolbox includes specialized services such as:

• - Predictive Risk Assessment: Utilizing multiple AI models for forward-looking risk sensing.
• - Calibr: Providing assessments of AI governance and configurations.
• - AssureLens: Mapping assurance processes across different defense lines.
• - Segra: Analyzing segregation-of-duties to minimize risks.
• - PRISM: Focusing on auditing third-party risk programs.
• - Hadley: Organizing structured reviews of System and Organization Controls (SOC) reports.
• - Topical Requirement Screener: A free exposure assessment based on IIA Topical Requirements.
• - Audit Pulse Snapshot: A complimentary audit readiness assessment that aligns with the firm's Q360 methodology.

Integration of Technology and Human Expertise

A unique aspect of Cherry Hill Advisory’s services is the emphasis on human expertise in interpreting AI-generated results. The AI acts as a supportive tool, enhancing the capabilities of skilled professionals instead of replacing them. This human-centric approach ensures that clients receive actionable insights based on rigorous analyses, backed by experienced audit professionals.

Commitment to Client Value

Cherry Hill Advisory's initiative reflects its dedication to not only adapting to technological advancements but also facilitating organizations in embracing them effectively. By blending people, processes, and technology, the firm is set to help clients maximize their returns and navigate the complexities of the modern audit landscape.

As businesses continue to evolve, the demand for innovative internal audit solutions grows. Cherry Hill Advisory is positioned to meet this demand, helping organizations manage risk more effectively and realize greater value through a combination of AI and expert human judgment.

For further information, contact Cherry Hill Advisory at Cherry Hill Advisory Website.