08
Oct
This is a Plain English Papers summary of a research paper called Frontier AI Developers Need Internal Audit Function to Address Key Governance Challenges. If you like these kinds of analysis, you should join AImodels.fyi or follow me on Twitter. Overview Internal audit evaluates a company's risk management, control, and governance processes. It is independent from senior management and reports to the board of directors. Internal audit serves as the third line of defense in the Three Lines Model. The article highlights key governance challenges in frontier AI development. It argues that frontier AI developers need an internal audit function…