The RAISE Framework

AI Can Transform Finance. Governance Makes It Trustworthy.Book DescriptionWhen AI Touches the Numbers, Governance Is No Longer Optional.Most organizations know AI is changing financial reporting but very few have governance structures that keep pace with it. The RAISE Framework closes that gap with a structured, practical governance model built on five integrated principles — Responsible, Auditable, Interpretable, Secure, and Ethical — purpose-built for the financial reporting and audit environment.The book moves through six parts covering governance misalignment, regulatory context, control failure, operational risk, and governance design. Real-world case studies from Zillow, Wirecard, and the Post Office Horizon system show how governance failures develop, how financial risk accumulates, and how organizations recover control.The final section delivers the complete RAISE Governance Model, its lifecycle application, and a structured 90-day implementation roadmap. Thus, by the end of the book, you will know how to govern AI inside financial processes, build audit readiness, and keep accountability where it belongs, with the people responsible for the numbers.What you will learn● Identify governance misalignment when AI executes financial decisions, while boards and executives retain accountability.● Apply the RAISE Framework to embed AI governance within financial reporting and audit control structures.● Evaluate AI control failure patterns including automation bias, model drift, vendor dependency, and judgment override.● Establish audit readiness through evidence quality, documentation standards, and governance effectiveness measures.● Integrate RAISE lifecycle governance across model design, deployment, monitoring, and change management.● Implement a 90-day AI governance roadmap to build organizational accountability and regulatory confidence.Table of Contents1. Governance Misalignment2. Restoring Control and Accountability3. AI Decision Ownership and Accountability4. AI Governance Frameworks and Control Standards5. AI Impact on Financial Reporting Processes6. AI in Audit Practice and Governance7. AI Control Failure and Governance Breakdown8. Evidence, Risk, and Assurance of AI Control9. Financial AI Systems in Practice10. AI Assurance: Redefining Audit Processes11. Vendor Control in AI Governance12. Judgment Overrides in AI Systems13. Governance Patterns and Control Integration14. Case Studies in AI Governance Failure and Control Recovery15. Audit Readiness, Evidence Quality, and Governance Effectiveness16. The RAISE Governance Model17. RAISE Lifecycle Governance18. First 90 Days of AI Governance       Reference List       Index