The AI industry is facing a critical issue related to the lack of independent audits for AI systems, leading to potential harmful consequences on society. Gemma Galdon-Clavell, CEO of Eticas Consulting, emphasizes the importance of auditing AI systems to ensure they work as intended without negative outcomes on society. The lack of agreed-upon methods for testing the dangers of AI systems remains a challenge, requiring different approaches based on the type of system in question. The founding members of the IAAA emphasize the need to establish ethical ground rules for algorithm auditors, ensuring they are accountable to the public or a regulatory body and not financially tied to the tech companies they are examining.