How to Use the Key Risk Area Identifier in AuditPal AI

Not sure which risks deserve your attention first? This guide walks you through how to use the Key Risk Area Identifier in AuditPal AI to surface the most critical risks in your audit, so you can focus your fieldwork where it matters most.

A quick summary of how to use the Key Risk Area Identifier:

1️⃣ Enter detailed information

2️⃣ Generate and review your draft

3️⃣ Export your results

• Overview
• Step-by-Step Instructions
• Help Us Improve
• Troubleshooting
• Frequently Asked Questions (FAQ)
• Related Risk Assessment Tools
• Related Documentation
• Getting Started

The Key Risk Area Identifier in AuditPal AI pinpoints critical risk areas in your audit engagements, so you know what risks to prioritize. You enter your audit objective and the business process you’re evaluating, and the AI generates a tailored list of high-risk areas to guide your planning. It’s designed to help you allocate resources where they’ll have the greatest impact.

You start by inputting information into the following fields:

• Audit Objective
• Primary Business Process (optional)

Best Practice: The more specific your inputs, the better the AI’s output will be. Use precise, audit-specific terminology in your inputs to improve AI accuracy and reduce editing time.

Once you’ve entered your information, click the ”Generate Response” button. The AI will instantly create a draft, complete with a timestamp for your records.

If the output isn’t quite right, simply click the ”Rewrite” button. This will clear the output and let you try again.

Tip: Always review AI-generated text using your professional judgment. The AI provides a strong starting point, but you’re the final authority.

The Key Risk Area Identifier in AuditPal AI makes it easy to integrate the output into your workflow. You have two options:

• Copy to Clipboard: Copies the output as plain text for pasting into emails, documents, or reports.
• Download as PDF: Saves the output as a PDF, ready for sharing or uploading to your audit management system.

After generating your output, you’ll see optional “thumbs up” and “thumbs down” buttons. Your feedback helps us improve the Key Risk Area Identifier. For detailed suggestions, please contact us.

• The Key Risk Area Identifier isn’t generating output: Check that all required fields are filled in.
• The PDF export is not working: Try refreshing the page or using a different browser.
• The inputs are not saving: Ensure cookies are enabled in your browser settings.

• How accurate is AuditPal AI for audit documentation? Our AI model is trained on a curated dataset of audit reports, industry standards, and professional best practices. While it’s designed for accuracy, it’s a tool to assist you, not replace you. Always review all content.

• Is my data secure with AuditPal AI? Yes. We use enterprise-grade security protocols and don’t use any of your information to train our model. Our team also doesn’t see your inputs or outputs. We only collect the minimum necessary information, such as your email address.

• Can I edit the AI-generated output? Absolutely. The AI provides a strong first draft, and you have full control to edit any part of it.

• Where can I get help? Our support team is ready to assist you. If you have questions or run into issues, please contact us.

• The Internal Control Test Generator creates comprehensive tests to help you evaluate how well internal controls are working.
• The Risk Mitigation Strategy Developer develops targeted strategies to address identified risks, providing a solid starting point for a plan to handle potential problems.

• AuditPal AI Documentation Homepage — Explore all available tools, guides, and resources.
• Risk Assessment Tools in AuditPal AI — Browse all AI risk assessment tools for auditors.

• Sign up for an AuditPal AI account
• Login to your AuditPal AI account