The Audit Podcast

Secure your spot at the 2024 Audit Analytics and AI Conference today!   This week’s episode,  we're joined by Kim Ford, Vice President of Internal Audit at Ingersoll Rand. In this episode, Kim shares her approach to building a strong internal audit function, including a program that trains auditors before moving them into the finance department, enhancing both controls and financial insight. She also discusses the evolving expectations of the audit committee, offering insights from a recent meeting, and explores how data and automation can boost audit efficiency, providing practical takeaways for listeners.   Be sure to connect with Kim on LinkedIn.   Also, be sure to follow us on our new social media accounts on LinkedIn, Instagram, and TikTok.   Also be sure to sign up for The Audit Podcast newsletter and to check the full video interview on The Audit Podcast YouTube channel.   Timecodes: 6:56 - Building Internal Audit Functions 9:31 - People, Processes and Technology 10:35 - Kim's Training Method 15:04 - What the Audit Committee wants from a CAE 17:23 - Best Ways to Measure Success 23:19 - RPA Use Cases 25:12 - The Personal Side of DA 28:12- The BTS of the Audit Committee Quarterly Updates 32:18- Taking Analytics to the Next Level 33:29 - Final Thoughts   *   This podcast is brought to you by Greenskies Analytics, the services firm that helps auditors leap-frog up the analytics maturity model. Their approach for launching audit analytics programs with a series of proven quick-win analytics will guarantee the results worthy of the analytics hype.  Whether your audit team needs a data strategy, methodology, governance, literacy, or anything else related to audit and analytics, schedule time with Greenskies Analytics. *   AuditBoard’s integrated suite of easy-to-use audit, risk, and compliance solutions streamlines internal audit, SOX compliance, risk management, and security compliance. Automate processes and improve execution with AuditBoard’s purpose-built solution, which is designed to address the most pressing challenges of today's practitioners. Experience the latest in Audit, Risk, and Compliance technology. Visit AuditBoard.com to schedule your product walkthrough to see AuditBoard’s award-winning platform in action today.   *   Want to start audit analytics but have limited time and technical skills? Need to get quick wins and demonstrate value fast? Supervizor is an audit analytics platform providing 350+ ready-to-use checks directly applicable to any financial system and industry, enabling internal audit teams to continuously monitor for risk and get the value of an audit analytics program in less than a week. Book a demo or visit Supervizor website.  

Secure your spot at the 2024 Audit Analytics and AI Conference today!   This week’s episode, we're joined by Yasemin Agatan, Vice President and Chief Audit Executive at Clarivate. In this episode, Yasemin shares her unique journey and insights as a top executive in one of the world’s most data-driven companies. She also discusses how she successfully shifted her department's focus from predominantly SOX work to a balanced mix of SOX and operational audits. Yasemin offers valuable insights into prioritizing risks, developing internal audit strategies over the years, and effectively communicating these strategies to the audit committee.   Be sure to connect with Yasemin on LinkedIn.   Also, be sure to follow us on our new social media accounts on LinkedIn, Instagram, and TikTok.   Also be sure to sign up for The Audit Podcast newsletter and to check the full video interview on The Audit Podcast YouTube channel.   Phoenix CFOLC Chapter Website: Phoenix - CFO Leadership Council  CFOLF Membership info: Membership - CFO Leadership Council    Timecodes: 5:53 - Internet Browsing History 9:25 - Taking Analytics to the Next Level 18:50 - Best Methods for Decreasing SOX and Increasing Operational Work 24:48 - Tools and Implementation 28:02 - The Benefits of Obtaining Certifications 31:27 - How to Present Strategies to the Audit Committee 35:55 - Final Thoughts   *   This podcast is brought to you by Greenskies Analytics, the services firm that helps auditors leap-frog up the analytics maturity model. Their approach for launching audit analytics programs with a series of proven quick-win analytics will guarantee the results worthy of the analytics hype.  Whether your audit team needs a data strategy, methodology, governance, literacy, or anything else related to audit and analytics, schedule time with Greenskies Analytics. *   AuditBoard’s integrated suite of easy-to-use audit, risk, and compliance solutions streamlines internal audit, SOX compliance, risk management, and security compliance. Automate processes and improve execution with AuditBoard’s purpose-built solution, which is designed to address the most pressing challenges of today's practitioners. Experience the latest in Audit, Risk, and Compliance technology. Visit AuditBoard.com to schedule your product walkthrough to see AuditBoard’s award-winning platform in action today.   *   Want to start audit analytics but have limited time and technical skills? Need to get quick wins and demonstrate value fast? Supervizor is an audit analytics platform providing 350+ ready-to-use checks directly applicable to any financial system and industry, enabling internal audit teams to continuously monitor for risk and get the value of an audit analytics program in less than a week. Book a demo or visit Supervizor website.  

Secure your spot at the 2024 Audit Analytics and AI Conference today!   This week’s episode,  we're joined by Ben Phillips, Chief Audit Executive at PetSmart. In this episode, Ben shares his unique insights into the value that internal audit resources can bring to an organization, particularly in driving effective change. He also discusses his involvement with the CFO Leadership Council, highlighting the top concerns and priorities of CFOs today.   Be sure to connect with Ben on LinkedIn.   Also, be sure to follow us on our new social media accounts on LinkedIn, Instagram, and TikTok.   Also be sure to sign up for The Audit Podcast newsletter and to check the full video interview on The Audit Podcast YouTube channel.   Resources: Phoenix CFOLC Chapter Website: Phoenix - CFO Leadership Council  CFOLF Membership info: Membership - CFO Leadership Council   Timecodes: 5:33 - ChatGPT 7:00 - Creating Change with Internal Audit 11:00 - Staying Up-To-Date with the Business of Audit 15:20 - AI and Inflation 20:09 - How to be a Better Auditor 21:51 - Final Thoughts   *   This podcast is brought to you by Greenskies Analytics, the services firm that helps auditors leap-frog up the analytics maturity model. Their approach for launching audit analytics programs with a series of proven quick-win analytics will guarantee the results worthy of the analytics hype.  Whether your audit team needs a data strategy, methodology, governance, literacy, or anything else related to audit and analytics, schedule time with Greenskies Analytics.   *   AuditBoard’s integrated suite of easy-to-use audit, risk, and compliance solutions streamlines internal audit, SOX compliance, risk management, and security compliance. Automate processes and improve execution with AuditBoard’s purpose-built solution, which is designed to address the most pressing challenges of today's practitioners. Experience the latest in Audit, Risk, and Compliance technology. Visit AuditBoard.com to schedule your product walkthrough to see AuditBoard’s award-winning platform in action today.   *   Want to start audit analytics but have limited time and technical skills? Need to get quick wins and demonstrate value fast? Supervizor is an audit analytics platform providing 350+ ready-to-use checks directly applicable to any financial system and industry, enabling internal audit teams to continuously monitor for risk and get the value of an audit analytics program in less than a week. Book a demo or visit Supervizor website.

Derry Herring, Senior Vice President and Chief Audit Officer at Protective Life Corporation, shares his expertise in implementing the new IIA standards. He discusses the challenges faced and valuable lessons learned during the transition. Derry offers practical advice on expanding audit teams, having grown his from 4 to 26 members. Additionally, he shares effective Excel methods to optimize audit processes for smaller departments, underscoring the importance of strategic planning and clear communication within internal audit functions.

Joining the discussion are Justin Silberlust, an Associate Director of Internal Audit at Oppenheimer & Co., and his brother, Dr. Jared Silberlust, an internal medicine physician. They delve into the SPIKES methodology, originally designed for physicians, showcasing its unique application in auditing. The brothers highlight techniques for delivering tough news effectively by enhancing communication skills and building emotional empathy. They emphasize the role of perception in audits and share practical strategies for improving stakeholder interactions.

This week we're joined by Anthony Pugliese, President and CEO at The Institute of Internal Auditors Inc. In this episode, Anthony discusses his plans for the IIA, including the Vision 2035 Initiative, which is set to shape the future of the internal audit profession. He shares insights on the project's goals, the rationale behind new topical requirements, and their implications for cybersecurity and beyond. Be sure to connect with Anthony on LinkedIn. Also, be sure to follow us on our new social media accounts on LinkedIn, Instagram, and TikTok.   Also be sure to sign up for The Audit Podcast newsletter and to check the full video interview on The Audit Podcast YouTube channel.   Timecodes: 4:35 - ChatGPT 6:23 - How the IIA is Maintaining Relevancy 9:40 - Vision 2035 Initiative 16:50 - Risk, Compliance, Insights and Opportunities 25:35 - Topical Requirements 30:45 - IIA Supporting CAEs 33:30 - Final Thoughts   *   This podcast is brought to you by Greenskies Analytics, the services firm that helps auditors leap-frog up the analytics maturity model. Their approach for launching audit analytics programs with a series of proven quick-win analytics will guarantee the results worthy of the analytics hype.  Whether your audit team needs a data strategy, methodology, governance, literacy, or anything else related to audit and analytics, schedule time with Greenskies Analytics.  

This week, Badal Patel, Head of Data Analytics at Meta, joins the show.   In this episode, Badal discusses how Meta is leveraging API capabilities, incorporating Llama within its Internal Audit Department, utilizing AI tools in the audit process, and the advantages of training AI models from a specific date.   Be sure to connect with Badal on LinkedIn.   Also, be sure to follow us on our new social media accounts on LinkedIn, Instagram, and TikTok.   Also be sure to sign up for The Audit Podcast newsletter and to check the full video interview on The Audit Podcast YouTube channel.   Timecodes: 4:10 - Llama at Meta 10:45 - Leveraging Capabilities from APIs 11:30 - Internal Audit Summit at Meta 13:33 - Using Llama within Meta's Internal Audit Department 16:53 - AI Tools and the Audit Process 22:40 - AI and Productivity 26:08 - Training AI Models from a Certain Date 28:58 - Questions from Leadership about AI 30:22 - Final Thoughts   *   This podcast is brought to you by Greenskies Analytics, the services firm that helps auditors leap-frog up the analytics maturity model. Their approach for launching audit analytics programs with a series of proven quick-win analytics will guarantee the results worthy of the analytics hype.  Whether your audit team needs a data strategy, methodology, governance, literacy, or anything else related to audit and analytics, schedule time with Greenskies Analytics.

This week, Katy Rich, the Chief Audit Executive at Williams, joins the show.   In this episode, Katy shares her experience on how to become a board member. Katy discusses how to enhance business acumen, provide insights into the client's perspective on audit reports, and evaluate the effectiveness of technology in an audit department.   Be sure to connect with Katy on LinkedIn.   Also, be sure to follow us on our new social media accounts on LinkedIn, Instagram, and TikTok.   Also be sure to sign up for The Audit Podcast newsletter and to check the full video interview on The Audit Podcast YouTube channel.   Timecodes: 5:47 - Developing a Better Business Acumen 10:44 - How to Become a CAE without an Audit Background 15:03 - The Client's Perspective on Audit Reports 19:04 - GIS Working Within Audit Teams 20:46 - Developing Rapport with your Clients 27:23 - Advice on How to get on a Board 34:28 - The Effectiveness of Tech within an Audit Department 37:27 - Final Thoughts   *   This podcast is brought to you by Greenskies Analytics, the services firm that helps auditors leap-frog up the analytics maturity model. Their approach for launching audit analytics programs with a series of proven quick-win analytics will guarantee the results worthy of the analytics hype.  Whether your audit team needs a data strategy, methodology, governance, literacy, or anything else related to audit and analytics, schedule time with Greenskies Analytics.

Joe Earl, Director of Internal Audit at Sutter Health, discusses the significance of data literacy for auditors, how it enhances understanding of the audit business, and shares resources for developing data literacy. He explains why having data literacy makes sense, how it improves auditors, and the importance of understanding hospital billing complexity.

Brothers Justin, Associate Director of Internal Audit, and Dr. Jared Silberlust, an Internal Medicine Physician, discuss motivational interviewing in auditing. Topics include developing audit plans with empathy, rolling with resistance, and supporting self-efficacy. They also share anecdotes and explore effective communication techniques across professions.