Human Capital Risk: What Every Auditor Should Know

Nov 5, 2025

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The Institute of Internal Auditors Presents: All Things Internal Audit In this episode, Mike Jacka and Yvette Adams talk about one of the most important, and often overlooked, risk areas — human capital management. From talent shortages and upskilling to culture, fraud, and AI, they unpack how people strategy connects directly to organizational success. Hear how auditors can assess workforce risks, build better relationships with HR, and ensure that governance around both people and technology keeps pace with change.

HOST: Mike Jacka, CIA, CPA Chief Creative Pilot, Flying Pig Audit, Consulting, and Training Solutions GUEST: Yvette Adams, CIA, CRMA Senior Audit Manager, Zions Bancorporation

KEY POINTS:

Introduction [00:00–00:00:39]
Defining Human Capital Management [00:00:44–00:01:26]
Why People Strategy Matters [00:01:26–00:01:50]
Top Workforce Risks and Skill Gaps [00:02:36–00:03:37]
Upskilling as a Continuous Practice [00:04:16–00:05:51]
Talent Retention and Strategy Alignment [00:05:54–00:07:34]
Internal Audit's Role in Talent Strategy [00:07:34–00:08:16]
Building Trust with HR and Audit Clients [00:08:23–00:09:37]
Hybrid Work and Relationship Building [00:10:07–00:11:03]
Common HR and Payroll Frauds [00:11:51–00:13:07]
AI Governance and Human Oversight [00:14:01–00:14:35]
Auditing Culture, Ethics, and Engagement [00:15:04–00:16:44]
Using Surveys and Exit Interviews for Insight [00:15:59–00:16:33]
Emerging Workforce Risks [00:19:08–00:20:21]
Balancing Technology and Humanity [00:21:02–00:21:40]
Values, Incentives, and Ethical Governance [00:23:14–00:25:38]
Final Thoughts [00:25:38–00:25:49]

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