Association of Audit Committee Members | Evaluating the Third-Party Risk Management (TPRM) Function’s Approach to Enhanced Due Diligence (EDD) for Artificial Intelligence (AI) Providers
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Evaluating the Third-Party Risk Management (TPRM) Function’s Approach to Enhanced Due Diligence (EDD) for Artificial Intelligence (AI) Providers

April 24, 2025
Title: â€‹Evaluating the Third-Party Risk Management (TPRM) Function’s Approach to Enhanced Due Diligence (EDD) for Artificial Intelligence (AI) Providers
Date: Thursday, April 24, 2025

Speakers:
Tilcia Toledo, Senior Managing Director, FTI Consulting
Paul Feldman, Senior Director, FTI Consulting
           
Field of Study: Management Services
Program Level: Basic
Prerequisites: None 
Credits: 1 CPE Credit
Delivery Method: Group Internet Based
Advance Preparation: None
Learning Objectives:
  • How to assess whether management has an approach that comports to the TPRM best practices, including the framework outlined in the June 2023 U.S. Interagency Guidance (a.k.a. Fed SR 23-4).
  • Evaluating the design and operating effectiveness of TPRM controls across the relationship lifecycle for providers of AI systems and services.
  • Questions the Audit Committee should ask management to ensure proper oversight of TPRM issues related to AI.
  • Issues often escalated to boards when integrating AI providers.