AUDIT 15 FUN

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?

Do you have to present information in your non-native language? Have you noticed how the tone of your voice sounds different in your native language vs. other languages? You are not alone. Many cultures, unfortunately, still associate accents and "different" tones with the speaker's education and even intelligence. What can you do to sound more confident? Listen to voice expert Nic Redman to find out! Nic's website: https://nicolaredman.com/

Last December I wrote this article with my friend Alex Ruehle on how to pitch Internal Audit to Elon Musk: https://tinyurl.com/ub5dcfjn We received several responses from the Internal Audit community and selected four (LinkedIn poll limit) to participate in a MASKED PITCH competition. What is a MASKED PITCH competition? Well, have you heard of the MASKED SINGER competition? It's similar, but we anonymize the Internal Audit pitch to Elon Musk. What is your favorite pitch? LinkedIn link: https://tinyurl.com/28vfa8zt LinkedIn IIA group link: https://tinyurl.com/ym83z75t

Are auditors responsible for finding fraud? That was the debate between Alaba Awolaja, Chief Managing Consulting at GOARISC and Oversight, and Emmanuel Johannes, CEO at Kepler Associates. The audit profession has had recent developments in this space lately: - Last December, three audit and risk officers at Wells Fargo faced potential multi-million dollar fines for their role in the fake account scandal - Last month, the UK parliament proposed a bill making "failure to prevent fraud" a criminal offense As one would expect, this is a hot topic, so...it was a passionate debate! Both agreed that auditors are not proficient in detecting fraud. What are your thoughts?