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.