This new report from the CAQ: “Audit Committee Oversight in the Age of Generative AI” identifies and elaborates on six logical areas of audit committee oversight in relation to the company’s use of Generative AI in the financial reporting process—governance, data privacy and security, selection and design of GenAI technologies, deployment and monitoring of GenAI technologies, fraud risk, and the regulatory environment. Each oversight area is accompanied by suggested questions for the committee to discuss with management and the auditor, which are summarized in Appendix A.