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Norman Marks on Governance, Risk Management, and Internal Audit

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Title: Norman Marks on Governance, Risk Management, and Internal Audit | Copyright Norman Marks, all rights reserved

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Limit the errors your AI assistant makes
I use an AI Assistant every day.  Sometimes, it’s Google’s AI. But more often than not it’s ChatGPT, to which I have a monthly subscription.  I use it all the time, or that’s how it seems. I use it to create images for the book I am writing, for this blog (including today), and for […]

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Should we assess whether risk management is effective?
I don’t think there should be any doubt that internal audit should perform the engagements necessary to provide reasonable assurance to the board and top management that risk management is effective. After all, the enterprise is at serious risk if it is not! I’m not talking about the periodic review of a list of risks. […]

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The grandfather of risk management, and here comes AI
Grant Purdy is known as the grandfather of the ISO 31000 global risk management standard. (If you are not familiar with it, it is IMHO far better than the COSO ERM framework – and you should get a copy and study it.) He deserves that moniker because he chaired the Australia and New Zealand committee […]

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KPMG explains how to audit AI
Their article, Beyond governance: How Internal Audit builds real trust in AI, makes many of the points I have made in recent blog posts, such as: But then it goes further with ideas on specific audit approaches. I love it! I confess to not being an expert on the technical side of AI, so I […]

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We must worry about AI governance. It is critical to enterprise success
Organizations around the globe are incorporating AI agents into their business processes, products and services, decision-making processes, and more – such as risk management, information security, compliance, and internal auditing. But the AI agents: I have been using ChatGPT quite extensively this year. It’s great at creating images for my blog posts and books. But […]

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