The Audit Podcast

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

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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

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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

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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

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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 Charlie Page, a curious value driven risk leader and Associate Director of Internal Audit at Verizon. In this episode, Charlie discusses how to issue audit reports faster. We explore methods for pinpointing bottleneck issues within audits, enhancing the data literacy of internal auditors, and contrasting the waterfall approach with Agile auditing methodologies.

Be sure to connect with Charlie 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, 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.

This week, our guest is Michele Variale, Chief Audit & Risk Officer at Telepass. In this episode, Michele shares insights into his department's innovative approach to crafting audit reports. They've revolutionized the process by adopting a hybrid method, merging traditional written reports with concise video summaries. He highlights how this strategy elevates the internal audit's perception within the organization, making it more engaging and impactful. Michele dives into the specifics of creating these dynamic audit report videos and the tools he utilizes.

Be sure to connect with Michele 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, 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.

This week, Pat Niemann, Partner of Center for Board Matters at EY, joins the show. In this episode, Pat will explore pressing issues in cybersecurity, IA, and ESG in 2024. We'll discuss the impact of governance on AI, key questions the audit committee should pose to leadership, and cybersecurity implications under SEC rules.

Be sure to connect with Pat on LinkedIn.

Applying Machine Learning in Internal Audit

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.