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Audit committee reviews expanded risk assessment; AI flagged as emerging risk
Summary
The TLDA Audit Committee reviewed an expanded annual risk-assessment memorandum from State Government Finance and TDEC; staff said the combined report has grown in length and that artificial intelligence will be added as a risk area for the coming year.
Committee members reviewed the annual risk-assessment memorandum covering TLDA programs and the SRF. State government finance staff said the combined memo has increased in length and scope and that new risks — including risks related to artificial intelligence — will be added to the assessment for the coming year.
A staff member described the current combined reports as about 28 pages and said the office is conducting testing tied to the risk assessment and will continue to add identified risks. Committee members commended staff for the quality of the work and had no further questions at the meeting.
