AI is showing up on audit committee agendas now. Not as a deep topic. As a recurring question. How is the company using AI in the finance function, and what risks does it create. The question is reasonable. Most of the answers I hear are not. Finance teams describe their AI usage to audit committees the way they describe any new tool. What it is, what it does, how it fits the stack. That framing is incomplete. Audit committees are not asking about tools. They are asking about

AI is already changing how audits run. Document review, sampling, risk identification, and analytical procedures are all getting faster. The direction of travel is clear. That is not the interesting question. The interesting question is what AI cannot do in an audit, and what that means for how finance leaders should think about control. AI cannot assess intent. The core risk in any audit is whether someone in the company deliberately misstated something. That question is ans