AI-Assisted Audit Automation
msg for banking Trend Conference – project experience report on automating operational audit activities with generative AI.
Event: msg for banking Trend Conference Date: March 10, 2026
At the 14th Trend Conference on Banking Supervision (Trendkonferenz Aufsichtsrecht) hosted by msg for banking ag — attended by approximately 100 participants on-site and online at the Stadthaus am Markt in Frankfurt — Prof. Dr. Dirk Schieborn and Kay Dietrich (Head of Internal Audit Business, Aareal Bank) presented their joint project experience report under the title “AI@AUDIT: AI-Assisted Audit Automation.”
The central question was how generative AI can fundamentally transform operational audit work within a bank’s internal audit function — not as a replacement for the auditor, but as an intellectual exoskeleton that takes over routine tasks and frees up capacity for contextual judgment.
The talk was structured in three parts:
First, a maturity model for deploying LLMs in audit was introduced — ranging from simple chatbots through RAG systems to fully integrated workflow automation (Level 3: “Away from chat, towards process”).
In the second part, the client project AI@AUDIT at Aareal Bank was presented: the AI performs mass analysis of contracts, automatically checks each clause against DORA/EBA requirements, and delivers structured draft findings with references and justifications — while the auditor provides strategic classification and final assessment. A three-tier quality assurance methodology (“Engineered Trust”) comprising ground-truth validation, human-in-the-loop curation, and stability testing ensures the reliability of AI outputs.
The third part introduced the research project auditissimo.com — a joint initiative with Reutlingen University and Steinbeis Analytics. The goal is a validated AI suite for IRBA model audits: six integrated modules along the audit lifecycle (from the regulatory knowledge base through gap analysis and deep-dive review to automated report generation), seamlessly integrating GenAI into the entire audit process.
The conference also addressed current developments on MaRisk 2026 (Dr. Torsten Kelp, BaFin), the Omnibus Package and ESG requirements, as well as CSRBB and SREP 2.0.