Another example, this one from the world of football, which again shows how dependent ML methods are on data: while matches were being held without spectators due to the coronavirus pandemic, one Scottish football team used an AIbased camera system to livestream its matches.
Although we are not requiring that these banks report on internal controls for either FDICIA or Sarbanes-Oxley purposes, recent losses at banks and notable corporate scandals demonstrate that sound governance and internal control practices are important for all banks.