Baku: Artificial intelligence and climate change have been identified as the primary challenges confronting supreme audit institutions, according to Vugar Gulmammadov, Chairman of the Chamber of Accounts of the Republic of Azerbaijan. He made this assertion during a joint meeting of the ASOSAI and ARABOSAI organizations held in Baku.
According to Azeri-Press news Agency, Gulmammadov highlighted that these challenges have a direct impact on the functions of supreme audit institutions, affecting both technological transformation and socio-economic stability. He elaborated on how the integration of artificial intelligence into audit processes is set to enhance audit efficiency significantly by employing big data analysis and establishing preventive control systems. These technological advancements are poised to bring substantial changes not only to the private sector but also to public administration and public services.
Gulmammadov further explained that the risks associated with climate change extend beyond environmental concerns, affecting social and economic stability as well. Therefore, the involvement of supreme audit institutions in the implementation and monitoring of global climate initiatives is crucial. He pointed out that Azerbaijan’s hosting of COP29 underscores the country’s active support for international efforts in addressing climate change.