T118: Empowering Audit Response with Generative AI: Audit Support Concierge in Action
Tuesday, July 29, 2025: 1:30 PM - 2:20 PM
Description
Join us as fellow members of the government financial management community demonstrate how they have used generative AI for audit response. We’ll also examine a purpose-built retrieval augmented generation (RAG) application and explain how it accelerates audit information discovery and documentation investigation for agencies, thereby improving efficacy and accuracy when responding to audit inquiries.
Key Takeaways
• An effective knowledge management system powered by generative AI and RAG can significantly improve financial management staff’s ability to locate, understand and consistently act on relevant information needed to respond to audit inquiries
• • A user-centric approach — enabled by advanced RAG techniques, state-of-the-art large language model (LLM) observability software and evaluation frameworks — ensures that AI can create trustworthy answers for mission-critical queries.
• Maintaining a modern microservices architecture facilitates ongoing enhancements in the rapidly evolving AI landscape and makes the solution customizable for other financial management use cases.
Learning Objectives
Explore the art of the possible and the value of applying generative AI in government audit readiness. Understand how to identify appropriate AI use cases to enhance efficiency, accuracy and insights in the broader domain of financial management.
Handouts