Today

normanmarks.wordpress.com · Jul 27, 2026

AI in Internal Audit: A 'Deadly Trap' if Misused, Warns Norman Marks

Norman Marks cautions internal audit against falling into the "deadly trap" of using AI primarily for 100% transaction testing, arguing it shifts internal audit into a detective control function, which is management's responsibility. He emphasizes that internal audit's core role remains providing assurance on the effectiveness of internal control and risk management systems, especially as organizations increasingly integrate AI into their operations and decision-making processes. The focus should be on auditing management's effective use of AI, not becoming a transactional control.

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elementalaimatters.substack.com · Jul 27, 2026

Unseen AI Commitments: The Hidden Financial Exposures Beyond the Balance Sheet

Internal audit and assurance professionals must recognize that significant financial commitments related to AI, cloud services, and software are often not reflected on traditional balance sheets. These 'shadow borrowings' can severely restrict a company's future flexibility and create substantial financial exposure, even if they comply with GAAP. Boards need a consolidated view of these multi-year contracts to effectively govern and understand the true financial health and strategic agility of their organizations.

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richardchambers.com · Jul 27, 2026

Rotational CAEs: Balancing Opportunity and Risk for Lasting Internal Audit Value

The debate around rotational Chief Audit Executives (CAEs) has evolved from questioning their existence to evaluating their effectiveness in building lasting value. While rotational CAEs can bring fresh perspectives and deep operational knowledge, audit and assurance professionals must critically assess the potential risks to independence, objectivity, and the long-term strategic development of the internal audit function. This article explores how organizations can leverage the benefits of rotational leadership while mitigating its inherent challenges to ensure internal audit remains a credible and impactful governance pillar.

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Yesterday

tamikaslowley.wixsite.com · Jul 26, 2026

Connecting the Dots: Why a Systems Approach is Crucial for Business Resilience and Growth

This article emphasizes that a business functions as an interconnected system, not just a collection of departments. For internal audit and assurance professionals, this perspective is critical for identifying and assessing risks, ensuring effective controls, and providing strategic insights. Understanding these interdependencies allows auditors to evaluate how weaknesses in one area can cascade throughout the organization, impacting overall performance and resilience.

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youtube.com · Jun 23, 2026 · Curated yesterday

Understanding Governance Data Protection Regulations

This video from Optro, an AI-powered governance, risk, and compliance (GRC) platform, likely delves into the complexities of data protection regulations. For internal audit and assurance professionals, understanding these regulations is crucial for assessing an organization's compliance posture, identifying potential risks, and ensuring robust data governance frameworks are in place. The content would be valuable for developing audit programs related to data privacy, cybersecurity, and regulatory adherence.

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youtube.com · Jun 23, 2026 · Curated yesterday

Navigating the AI Frontier: Governance, Risk, and the Rise of Agentic AI

This video explores the critical aspects of AI governance, emphasizing its growing importance for internal audit and assurance professionals. It delves into the core components of effective AI governance, the evolving drivers behind its urgency, and the distinct risks posed by advanced AI systems, particularly agentic AI.

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youtube.com · Jul 17, 2026 · Curated yesterday

Beyond the Hype: Strategic GRC Automation for Connected Compliance

Internal audit and assurance professionals need to look beyond the projected $179 billion spend on GRC automation by 2032 and critically evaluate its implementation. This video highlights common pitfalls like superficial technology adoption and over-automation without strategic alignment, emphasizing that true compliance requires integrated solutions, real-time risk monitoring, and connected workflows to achieve meaningful outcomes.

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youtube.com · Jun 23, 2026 · Curated yesterday

Optro: Reclaiming Time for Internal Audit with AI Automation

This video from Optro highlights how AI-powered automation can significantly reduce the time internal audit teams spend on manual, repetitive tasks. For audit and assurance professionals, this is crucial for shifting focus from data collection and reconciliation to higher-value activities like risk assessment, strategic analysis, and providing actionable insights, ultimately enhancing audit effectiveness and organizational value.

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youtube.com · Jul 15, 2026 · Curated yesterday

The Evolution of Internal Audit: From GE's Rigor to AI's Potential

This article explores the transformative journey of internal audit, from its foundational principles established at GE under Jack Welch to its current state grappling with artificial intelligence. For audit professionals, understanding this evolution is crucial for adapting to new technologies, maintaining relevance, and strategically positioning the audit function within modern enterprises. It highlights the ongoing need for auditors to balance traditional rigor with innovative approaches to risk and control.

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youtube.com · Jul 15, 2026 · Curated yesterday

The Evolution of Internal Audit: From GE's Rigor to AI's Potential

This article explores the transformative journey of internal audit, from its foundational principles established at GE under Jack Welch to its current state grappling with artificial intelligence. For audit professionals, understanding this evolution is crucial for adapting to new technologies, maintaining relevance, and strategically positioning the audit function within an increasingly complex business landscape.

Social & Media · Global Watch on YouTube