AUDIT 15 FUN

What is the smoothie challenge? What are some practical ways that you can use it as an internal auditor? If Internal Audit was an ingredient in a smoothie, what ingredient would it be? Listen in to Ursula Schmidt, former Executive VP of Internal Audit at RTL, to find out. I hope you enjoy it!

Dan Swanson's work is behind some of the best books available to Internal Auditors. How did he get involved in that business? What are some of the emerging risks and topics he sees from being in that position? What are some book proposals he would like to see? Listen in to find out! Are you the next internal audit book author?

Have you heard of The Care Principles? What are they, and how can they help your organization and Internal Audit department? Isabel Verstraete, brand strategist, and author of the Does Your Brand Care? book answered these questions. Plus, there was one bonus question from Dr. Rainer Lenz. Listen in to find out what it was! Lastly subscribe to The Care Principles YouTube channel here: https://www.youtube.com/@TheCarePrinciples 

Should we audit certain processes in real-time? Keamogetse Noe argued that certain processes, such as tendering, must be audited in real-time to prevent fraud. Charles Schrock argued that a real-time review could be more of a quality assurance function, and we should instead strive to be strategic advisors. What is your opinion?

Are you innovating in your Internal Audit department? Billy O’Connor, VP of Internal Audit, is - what is he doing? What is scenario-based testing? What is design thinking? Listen in to find out! Oh, you may also hear about the innovation community he is putting together and the best way to learn more about it. I hope you enjoy!

Should you start your career in audit doing financial or operational audits? Which one will take you further? June Jiang argued that starting off with financial auditing can help you in the long run, while Tom Weston argued that operational audit is the way to go. What is your opinion?

Edwin Dorsey exposed care.com by creating a fake Harvey Weinstein account. In this episode, he shared his favorite ways of finding dubious companies, some of the financial information he looks for to expose a company, and some techniques employed to find wrongdoing. I hope you enjoy it! Bear Cave newsletter: https://thebearcave.substack.com/

Are annual audit plans useless? It's a hot topic, so it is AUDIT DUEL debate-worthy! Have you heard of the 3 + 9 or 6 + 6 audit plan approach? That was an idea Abbas Al Lawati, Head of Internal Audit at OQ8, brought up during the duel. Jasim Khawaja, Portfolio Head of Internal Audit at United Arab Bank, argued risk profiles are different between organizations and industries, so audit plans have to adapt. What are your thoughts?

Is the one-page audit report a myth or reality? Why do auditors struggle to explain the root cause of issues in their audit reports? Why is Tracie doing a 60-days to shorter audit reports webinar? Register for the webinar here: https://tinyurl.com/43shrr9

Audit recommendations are useless. That was Robert Berry's proposition. They waste time and negatively affect relationships with clients. Qadir Abdul's position was that they are not useless. Recommendations are part of the dynamic of change. What do you think?