This week's episode, we're joined by Jennie Wallace, CEO and Founder of Melody Advisory Services. Jennie brings a wealth of experience, having worked across the first, second, and third lines of defense in audit and risk management.

In this episode, Jennie shares how management views audit from her experience on both sides of being an audit and helping with risk management. She highlights the importance of understanding and empathizing with management to strengthen auditor-client relationships. Jennie also discusses avoiding "dumb findings" that cause unnecessary friction and the importance of using good judgment when escalating issues. We wrap up by revisiting the topic of audit independence.

Be sure to connect with Jennie 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:

5:16 - Music and Melody Advisory

5:58 - Learning Excel with ChatGPT

9:11 - What does Risk Management Think of Audit

12:28 - Developing an Auditor's Judgment

26:55 - The Flow Chart Story

34:33 - What does Independence Look like in 2024

40:55 - Co-source vs. Outsource

43:34 - How not to be a Trusted Advisor

47:48 - 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's episode, we're joined by Mike Lynn, owner of ARG*O and Adjunct Professor at St. John's University. Recognized by the IIA as the "Funniest Accountant in America," Mike brings a unique perspective to the podcast.

In this episode, Mike talks about the power of humor in business, including how he incorporates it into serious audit situations. He recounts his stand-up comedy background and discusses how improv skills can be invaluable in boardrooms. Mike even shares a memorable story of how a well-timed joke shifted the mood of an audit committee.

Be sure to connect with Mike on LinkedIn.

IIA Article - IAm Michael Lynn

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:

7:13 - From Standup Comedian to Funniest Accountant in America

21:48 - Best Methods for Planning out Humor in your Presentations

30:30 - Internet Browsing History

34:35 - AI and Humor

38:36 - How Auditors can be Better at Improv

48:13 - 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.

*

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.

This week's episode, we're joined by Mark Houston, a Partner at Audient Group. He is a seasoned expert in Fraud Risk Management and Data & Analytics Strategy.

In this episode, we explore the world of fraud detection as Mark shares his top two favorite fraud cases. We also cover current fraud trends in both organizations and personal life, introduce elder fraud protection, and highlight the use of data in audits.

Be sure to connect with Mark 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:

6:05 - ChatGPT

10:49 - Fraud Use Cases

19:13 - Fraud Trends

28:50 - Elder Fraud

36:41- A Love Letter to Auditors

41:03 - Using Data for an Effective Audit

50:41 - 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.

*

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.

This week's episode, we're joined by Michelle Velez, Vice President of Internal Audit at ITT Inc. Michelle offers a unique perspective, having transitioned from a tax background into internal audit.

In this episode, Michelle covers how to audit tax processes effectively, why tax strategies matter, and the role of analytics in making audits more efficient. Michelle also shares lessons from her first year as CAE and practical tips for improving audit processes.

Be sure to connect with Michelle 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:

7:51 - Journey from Tax to CAE

11:14 - Where to Start in Audit from a Tax Perspective

13:47 - Lessons Learned from Being a CAE

16:58 - How to Audit Tax

22:28 - Tax Jurisdiction Information

27:24 - Efficiencies and ROI Hacks

30:46 - 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!

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.

AuditBoard's integrated suite of easy-to-use audit, risk, and compliance solutions streamlines internal audit, SOX compliance, risk management, and security compliance. *

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 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.

Secure your spot at the 2024 Audit Analytics and AI Conference today!

This week's episode, we're joined by Derry Herring, Senior Vice President and Chief Audit Officer of Protective Life Corporation.

In this episode, Derry discusses implementing new IIA Standards this year, highlighting challenges and lessons learned to ensure a smooth transition. He shares practical advice on avoiding pitfalls, strategies for expanding his audit team from 4 to 26 members, and useful Excel methods to streamline audit processes for smaller departments.

Be sure to connect with Derry 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:

9:08 - The New GIS Standards

15:05 - Forming and Prioritizing Strategic Plans

17:13 - Implementing the New Standards

25:04 - Advice for Growing Your Internal Audit Department

28:40 - 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 welcome back Justin Silberlust, Associate Director of Internal Audit at Oppenheimer & Co, and his brother, Dr. Jared Silberlust, an internal medicine physician. In this episode, Jared and Justin examine the "SPIKES" methodology. Originally developed for physicians to deliver bad news in a more positive light, this technique has found valuable applications in the auditing world, especially when communicating findings. They explore how auditors can incorporate SPIKES into their processes to handle tough conversations with stakeholders more effectively. If you missed their previous discussion on motivational interviewing, be sure to check it out.

Be sure to connect with Justin and Jared 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:

6:47 - SPIKES Protocol

10:25 - Setting Up the Interview

12:10 - Perception

18:10 - Invitation or Information

21:20 - Knowledge

24:00 - Emotions and Empathy

28:03 - Strategizing and Summarizing

32:31 - 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.