All Things Internal Audit

Trust Is the Currency: How Internal Audit Proves Its Value in Fast-Moving Organizations


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The Institute of Internal Auditors Presents: All Things Internal Audit

In this episode, Scott Madenburg and Sanjay Vadlamani talk trust; and why it's the defining currency of internal audit. From hyper-growth environments to large, mature organizations, they discuss how audit teams can build credibility, and deliver value without slowing the business down. Through real-world use cases; including AI-assisted code reviews, ERP implementations, and building an internal audit function from scratch, they share practical examples of how trust enables earlier insights, stronger controls, and a true seat at the table.
  • HOST:
    • Scott Madenburg, CIA, CISA, CRMA Founder and President, ARC Hybrid Corporation
  • GUEST:
    • Sanjay Vadlamani, CIA, CISA, CISM, CRISC Senior Manager, Internal Controls, PayJoy

KEY POINTS:

  • Defining Trust in Internal Audit [00:01:27 – 00:03:17]
  • Holistic Risk and Connected Controls [00:03:55 – 00:07:01]
  • Bridging the Gap Between Audit and Leadership [00:07:15 – 00:10:18]
  • Small vs. Large Organization Trust Challenges [00:11:45 – 00:13:56]
  • High-Growth Tension: Will Audit Slow Us Down? [00:14:14 – 00:16:51]
  • AI-Assisted Code and "Slow Down to Speed Up" [00:17:01 – 00:18:53]
  • Building Trust from Scratch in a Developing Organization [00:19:09 – 00:23:19]
  • Early Insight Through ERP Implementation [00:23:49 – 00:26:02]
  • Rolling Up Sleeves: Creating SOPs and Process Improvements [00:26:25 – 00:28:35]
  • Where Audit Can Undermine Trust [00:29:28 – 00:33:16]
  • Audit Committee Alignment and Expectation Management [00:33:16 – 00:36:44]
  • The Next 6–12 Months: AI Literacy and Critical Thinking [00:37:00 – 00:40:52]

Visit The IIA's website or YouTube channel for related topics and more.

IIA RELATED CONTENT: Interested in this topic? Visit the links below for more resources:

  • Global Internal Audit Standards
  • Resources: Governance
  • Course: Building Stakeholder Relationships
  • Course: Effective Communication and Conflict Resolution for Internal Auditors
  • GAM 2026

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