For internal audit and assurance professionals. Curated, not algorithmic.

February 2026

normanmarks.wordpress.com ·
Agentic AI Transforms Procurement: A Call for Enhanced Risk Management

The rise of agentic AI is revolutionizing procurement, moving beyond simple automation to autonomous decision-making and strategic execution. While offering significant efficiency and cost savings, this shift introduces complex new risks related to data reliability, AI learning, and inter-agent communication. Internal audit and risk management professionals must proactively address these evolving challenges to ensure effective AI governance and maintain organizational control.

News & Blogs · Global Read more
richardchambers.com ·
The Multiple Perils of Sole Source Contracts and How AI Can Help Internal Audit

Sole source contracts, while sometimes necessary, present significant risks for organizations, often leading to inflated costs and circumvention of controls rather than outright fraud. Internal auditors play a crucial role in scrutinizing these contracts for red flags such as weak justifications, repeated use of the same vendor, and pricing irregularities. The article highlights how AI tools can enhance internal audit's ability to continuously monitor procurement activities, identify anomalies, and direct attention to high-risk transactions before they escalate into major issues.

News & Blogs · North America Read more
iia.mydigitalpublication.com ·
Casting a Wider Net: Expanding Internal Audit's Scope

This article from Internal Auditor magazine discusses the evolving role of internal audit, emphasizing the need for a broader perspective beyond traditional financial controls. It suggests that internal auditors should expand their focus to include emerging risks and strategic objectives to provide more comprehensive value to their organizations.

IIA & Standards · Global Read more
normanmarks.wordpress.com ·
Critiquing the IIA's Guidance on Communicating Audit Results

Norman Marks reviews the IIA's new Global Practice Guide on Communicating Results of Internal Audit Services, highlighting both its strengths and weaknesses. He praises the emphasis on understanding stakeholder needs but criticizes the guide's adherence to a non-risk-based approach for audit opinions, advocating instead for conclusions focused on the effectiveness of controls over significant risks to enterprise objectives. Marks provides actionable recommendations for internal audit practitioners to improve their communication strategies, emphasizing clarity, timeliness, and a strong risk-based perspective.

IIA & Standards · Global Read more
linkedin.com ·
Are You Really Auditing Your Organization's Top Risks? Why Audit Plans Often Neglect CEO/Board Priorities

Internal audit plans often focus on traditional risks like cybersecurity and fraud, but miss the strategic priorities that CEOs and boards actually care about most - talent management, innovation, customer experience, and business growth. This misalignment creates opportunities for audit teams to provide greater value by addressing first-line business risks.

News & Blogs · Global Read more
rcarca.substack.com ·
Risk Appetite Is Revealed in Behaviour, Not Documents

Most boards believe their risk appetite is clearly defined through formal statements and metrics, but in practice, it rarely influences everyday decisions. True risk appetite is revealed through behavior — in what leaders tolerate, reward, and prioritize — rather than in written declarations.

News & Blogs · Global Read more
theguardian.com ·
KPMG partner fined for using artificial intelligence to cheat in AI training test

A KPMG Australia partner was fined A$10,000 for using AI to cheat on an internal AI training course, one of over two dozen staff caught doing the same. The incident highlights growing concerns about AI-fueled cheating in professional training, even as firms like KPMG push employees to adopt AI tools in their daily work.

News & Blogs · Oceania Read more
podcasts.apple.com ·
Preparing Audit Teams for Swarm Auditing

The episode discusses how AI is transforming internal auditing through “swarm auditing,” where multiple AI agents collaborate with human auditors to enable continuous, adaptive oversight. It highlights the profession’s shift toward real-time, data-driven practices while maintaining objectivity, trust, and openness to responsible experimentation with new technologies.

Social & Media · Global Read more
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