Marta Kotolyan (BAB ’19) Wins Internal Auditor Magazine Scholarship

The American University of Armenia (AUA) is proud to share that Marta Kotolyan (BAB ’19) won a scholarship from Internal Auditor Magazine Scholarship for her essay titled “The Use of AI in Business.” The scholarship is awarded by Internal Auditor magazine, an award-winning international publication. A panel of experts judge the essays of the scholarship candidates and decide on the winners.

Kotolyan’s essay was chosen from 31 entries by a panel of five internal audit professionals who represent the Institute of Internal Auditors (IIA) Publications Advisory Committee, Academic Relations Committee, and Committee of Research and Academic Advisors.

In her essay, she discusses the issue of using artificial intelligence (AI) in business and mentions seven essential points that internal auditors must be aware of: privacy of information, governance, unemployment, data quality, black box factor, ethics, and the human factor. She noted in her essay that the last one ‒ the human factor ‒ “is the riskiest and hardest to be controlled.”

Kotolyan recently had an internship at the Internal Audit Department of Central Bank, and applied to the Internal Auditor Magazine Scholarship competition following the advice of Ara Chalabyan, an Adjunct Lecturer in AUA’s MBA program, Head of Internal Audit at Central Bank of Armenia, and President of the Institute of Internal Auditors, Armenia.

You can read Kotolyan’s full essay here.

Founded in 1991, the American University of Armenia (AUA) is a private, independent university located in Yerevan, Armenia and affiliated with the University of California. AUA provides a global education in Armenia and the region, offering high-quality, graduate and undergraduate studies, encouraging civic engagement, and promoting public service and democratic values.