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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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The short answer is, of course, yes. But there’s quite a lot to dissect. First, management can use AI (especially agentic AI) to transform business processes and controls. AI can perform or, at least, significantly enhance the quality of internal controls. I would consider those “automated” or at least “IT-dependent” controls. Management can also use […]

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It could be. Panicking is not the answer, and neither is putting your head in the sand. We need to face reality. AI could eliminate your job, but it could also dramatically change the requirements for your position. For example, in the future it could require working collaboratively with an AI agent. It could change […]

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Preface Procurement is often a significant source of risk. It is also one of the areas where AI can make a real difference. Problems with AI implementation and use for procurement may indicate a more pervasive issue. So we can examine related risks and how they are managed, then consider whether those issues might also […]

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Most of us would agree that risk-based auditing is the way to go. But there are so many risks! There are more risks than an army of auditors could address in a lifetime, and the risk landscape is changing constantly. So, which risks should we audit? What should we include in the audit plan? I […]

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For some internal auditors, it’s enough to tell management and the board whether processes and controls are effective in managing risks. But not for all of us. Some like to help management see and realize opportunities to upgrade their processes and controls. I am one of those. I have been blessed with team members who […]

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