The Audit Podcast

Scott Madenburg, Founder and President of ARC∙Hybrid, shares his extensive insights and strategies for success in the audit field. He emphasizes the importance of securing a seat at the table and balancing recruitment with character assessment. Scott discusses the repercussions of cost-cutting in organizations and how to build an internal audit department from scratch. He advocates for fostering strong stakeholder relationships while highlighting the significance of skill diversity and open communication in audit teams.

This week, our guest is Malcom, Former Senior Vice President and Managing Director for Internal Audit Digital Transformation and Data Analytics at Northern Trust. Dave recounts his mid-40s retirement journey and his subsequent decision to return with the desire to help internal auditors in his organization. In this episode, he reveals his approach to establishing an internal audit department, discusses the expected duties of the audit committee, and underscores the credibility boost through the strategic use of data analytics to identify outliers. Be sure to connect with Dave 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: 5:28 - Coming Out of Retirement 9:10 - The Impact of Generative AI 10:28 - The Importance of Investing in Data Analytics 13:58 - Data Literacy 16:21 - How to Make your Audit Department Better 19:23 - What to Expect from the Audit Committee 27:27 - How to Achieve Quantitative Risk Assessments 31:00 - 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, our guest is Christopher Jessup, Manager Audit Analytics at CSX. In this episode, Chris defines what makes a proficient data analyst, strategies for identifying the ideal candidate within your team, and the essential steps to elevate your internal audit department to the next level. Resources: David Hill Article - Is the term "Data Analytics" causing an issue? Be sure to connect with Chris 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: 6:07 - Payroll Fraud Use Case 8:45 - What Makes for a Great Data Analyst Candidate 16:37 - Promoting Data Analyst From Within Your Team 21:50 - Building Your Data Analytics Resources 25:23 - Upskilling Your Audit Department 28:20 - 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, our guest is Melissa Pici, Sr. IT Audit Manager at Syniverse. In this episode, Melissa discusses the best ways to find and develop the Next Gen Auditors within your organization. We touch on topics including candidate screening during recruitment, team upskilling, and the critical significance of passion, curiosity, and drive in the audit profession. Be sure to connect with Melissa 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: 2:36 – Internet Browsing History 6:17 - Internal Audit and Data Analytics 7:40 - Data Ccientists vs. Data Analysts 10:37 - Audit Analytics Conference 12:45 - Next Gen Auditors 18:03 - Screening Candidates for Passion, Curiosity, and Drive 21:07 - How to Upskill Your Team 25:38 - Accountability 28:42 - What is a Calibration Meeting 32:57 - Next Gen Managers 36:54 - 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, our guest is Judson Aiken, Head of Risk and ESG Solutions at AuditBoard. In this episode, Judson delves into the realm of ESG and the SEC's climate-related disclosure rules. He discusses audit's role, where teams are on the maturity model, the timeline for compliance, and what Internal Audit should be doing next regardless of where they are now. Be sure to connect with Judson 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: 4:26 - Climate-Related Disclosure Are Here 5:18 - Implementing ESG in Various Maturity Models 7:48 - How to Start ESG 9:30 - The Social Aspect of ESG 10:58 - the Role of ESG in Audit 16:00 - Background for an ESG Controller 16:53 - SOX and ESG 19:50 - The Impact of ESG on ERM 22:33 - How to Begin the ESG Process 28:18 - 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.

Charlie Page, Associate Director of Internal Audit at Verizon, shares his expertise in accelerating audit report generation. He delves into identifying bottlenecks and enhancing data literacy among auditors. The conversation highlights the contrast between traditional and Agile methodologies, emphasizing early alignment and continuous development. Page also discusses how maintaining transparency and accountability fosters a culture of efficiency in auditing. Tune in for insights that could transform your auditing processes!

This week, our guest is Sanjay Vadlamani, Data-Driven Internal Audit & SOX Leader and ERM Expert. In this episode, Sanjay shares his thoughts on the reasons behind the lack of trust between companies and their audit departments. Additionally, we delve into his approach to the risk assessment process, the significance of continuous monitoring, and fraud. Be sure to connect with Sanjay 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. * 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.

Michele Variale, Chief Audit & Risk Officer at Telepass, explores innovative approaches to audit reporting. He reveals how merging traditional reports with video summaries transforms auditor communication, making it more engaging. Michele delves into the effectiveness of these video tools for conveying complex insights, tailored for various stakeholders. He emphasizes the importance of presenting findings with an executive mindset and the role of video in enhancing auditors' visibility and professional growth.

This week, our guest is Kimberly Phegley, Chief Audit Executive at FirstBank. In her episode, Kimberly discusses the importance of CPA groups, her process of hiring and retaining new employees, and the challenges she faces as a CAE. Be sure to connect with Kimberly 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. * 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, Julio Tirado, Executive Vice President-Director of Internal Audit & Compliance at SpiritBank, joins the show. Julio is widely recognized within the internal audit community for his expertise in AI, machine learning, and cybersecurity. In this episode, we explore numerous opportunities presented by AI. We delve into specific applications within internal audit, addressing areas such as managing hallucination risks and providing recommendations for internal auditors seeking to enhance their understanding of AI. Be sure to connect with Julio on LinkedIn. AL Courses: AI For Everyone Generative AI for Everyone Navigating Generative AI: A CEO Playbook 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. * 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.