How Internal Audit Must Respond to the EU AI Act

Summary

Wolters Kluwer has published guidance on how internal audit functions should adapt their practices to address compliance requirements under the EU AI Act. The article focuses on the intersection of innovation and regulation, highlighting the need for organizations deploying AI systems to establish robust internal audit frameworks that align with the Act's risk-based classification system and transparency obligations. The piece underscores that internal audit teams must develop new competencies