A Detailed Analysis On The Generative AI’s Emerging Role In Governance, Risk, Compliance, And Audit

Abstract

Generative AI (GenAI) is a big impact field in many areas, including governance, risk management, compliance, and audit (GRCA). This paper goes details the working of GenAI for the benefit of many vital fields emphasizing its effectivity for GRCA. It looks at the pros and cons of using GenAI, as well as emerging trends and areas where more research is needed. Based on a thorough review of the literature and a critical analysis, this study recommends a plan for future research and practical implementation.