AUDIT 15 FUN

In this episode, I spoke with Barrie Enslin, Managing Director at Pro Optima Services. Barrie shared his Start with Intuition Method (SWIM), and In & Out Audit approach. Auditors MUST look beyond the paper. Over 40% of his projects have paid for themselves, matter of fact these projects have paid for the remaining 60%! How does he do it? Listen in to find out. I hope you enjoy it!

In this episode, I spoke with Joseph McCafferty, business journalist, editor, and publisher of the Internal Audit 360 website. Joe explained how he got involved in creating a learning/networking platform for the internal audit community, despite never working in the profession. He also shared some insights from internal auditors around the globe, and articles he would like to see submitted. Are yo...

In this episode, I spoke with Jan Babiak, Board Member and Audit Committee Chairperson of several large multinational organizations. Jan discussed common qualities that GREAT Internal Audit departments have. I also asked Jan a couple of expert-to-expert questions from Tom McLeod, former CAE of Rio Tinto. Profound questions, such as under what circumstances should the Chair seek the resignation of...

In this episode, I spoke with Doug Hubbard, from Hubbard Decision Research, and discussed the Applied Information Economics (AIE) decision-making method. Doug discussed the concept of “analysis placebo” and some biases people have when making decisions, such as partition dependence and the illusion of communication. He also discussed some surprising variables that are more important than people gi...

In this episode, I spoke with Hossam ElShaffei, a Member of the Board of Trustees of the Internal Audit Foundation at The Institute of Internal Auditors. Hossam has extensive experience in performing complex audits, and investigations, from the United Nations to FIFA. He has done it all. During the conversation, Hossam had many stories to share with all auditors about NOT SETTLING in their careers...

Do not live down to people's low expectations of you. That’s Mike’s message. October is National Disability Employment Awareness Month. To bring awareness to the profession I interviewed Mike Royal. Mike is a former Director of Information Technology Audit, with more than 25 years of experience. He is blind, but as he well puts it, that is a small part of who he is. Listen in to the interview to h...

In this episode, I interviewed Rob Sand, Iowa State Auditor and former prosecutor of the largest lottery scam in the history of the U.S. Rob walked us through the case's most challenging part and detailed how they connected the scam to previous lottery winnings in at least six other states in the U.S.  How?  He explains that as part of the episode.  Lastly, Rob had a message for all...

Have you ever been through the experience of being acquired by another company? Did your Internal Audit department make it into one piece after the acquisition? Karl Stingily has. In fact, Karl not only kept his job as Chief Audit Executive at Caesars Entertainment but also his department was one of the least affected by the acquisition. How is that for the organization appreciating Internal Audit...

In this episode, I talked to Diarmuid Early, aka Dim, aka the LeBron of Excel. Dim is the Financial Modeling World Cup reigning champion and previously won a cool  $30,000 in an Excel competition. From being able to help you win your Fantasy Football League competition to pricing cat insurance, he can do it all. Listen in for more Excel tips! I hope you enjoy it!

In this episode, I spoke with Dr. Sabine Charles, Chief Internal Auditor at Touro University and Chief Executive Officer at the TAPA Institute. Dr. Sabine shared some insights into one of the main challenges Audit Leaders face today and revealed her two favorite books on leadership - you’ll be surprised by at least one of them :) Dr. Sabine also shared what she would cover in a How to Become a CAE...

In this episode, I spoke with Marco Nutini, author of Risk is Not a Number and former CRO at Embraer. Marco explained why risk is not a number and how non-conformities are a COMPLIANCE attribute, not a RISK attribute. Marco also shared some ideas on pricing risks that Internal Auditors can question within their organization. Lastly, he shared a tragic case of Risk Management failure, in which comp...

In this episode, I spoke with Cy Wakeman, NY Times bestseller author, and drama researcher, to talk about how Ego is Not Your Amigo. Cy had some insightful comments on how Internal Auditors can best handle EGO-driven discussions (be a thought partner, up the support but don’t lower the standard!). We also discussed low vs. high accountability individuals and what leaders can do to best attract hig...

A podcast episode about...podcasts! What better guest to have than Trent Russell, host of the Audit Podcast. Trent shared with us why he started his podcast (perfect timing!), some of his most memorable podcast moments, and an inspiring story from one of his guests that keeps him going. I hope you enjoy the episode!

In this episode, I discussed Root Cause Analysis (RCA) with Duke Okes, RCA expert and author of Root Cause Analysis: The Core of Problem Solving and Corrective Action. We discussed some of his favorite RCA methods and how to know when you arrived at the root cause of an issue (the lowest level within your control!). I hope you enjoy the episode.

In this episode, Frank Holloman walked us through his journey at FedEx, from starting as a Cargo Handler to now being an Internal Audit Director. Frank provided great insight into how Internal Auditors can look for personal development opportunities, such as taking initiative, being accountable, and working out loud. Want to know what working out loud is all about? Listen in to find out! I hope yo...

In this episode, I spoke with Bruce McCuaig, former CAE of Gulf Oil Canada and proponent of performance as the new assurance. Bruce discussed how automating audit practices would allow auditors to get nowhere but at the speed of light, and had some insight into how our profession can better measure performance. I hope you enjoy it!

In this episode, I interviewed Marta Cadavid, CEO of NoFraud LATAM LLC, and talked about her Fraud Explorer software. Through natural language processing, machine learning, and artificial intelligence, The Fraud Explorer is used to predict, prevent, and detect dishonest behaviors such as fraud, abuse, waste, and corruption, with key differential factors that help to identify risks in human communi...

In this episode, I interviewed Pav Gill, widely recognized as the internal whistleblower who helped expose fraud at the German fintech Wirecard. Pav is the 2022 Sentinel Award Recipient from the Association of Certified Fraud Examiners, and he had a message to all auditors out there: Don't ostrich yourself! I hope you enjoy the episode.

In this episode, I spoke with Robert Berry aka That Audit Guy. Robert shared some insights on what Internal Audit leaders can do to reduce burnout within their groups, and also what Internal Auditors themselves can do to reduce burnout. At the beginning of the episode he listed five things that lead to burnout, can you guess what they were? Listen in to find out! Here is the link to his website: w...

In this episode, I spoke with Alaba Awolaja about FOUNDATIONAL Internal Audit skills and knowledge. Alaba is a big proponent of the #back2basics theme, reinforcing the need for Internal Auditors to know our processes well before we evaluate other processes. We must have a systematic and disciplined approach to arrive at a conclusion. I hope you enjoy it!

In this episode, Lynn Fountain and I discussed Ethics, the concept of Legal Fraud, how to determine what's ethical versus not ethical, and common ethical dilemmas Chief Audit Executives face. Lynn shared one tough decision she had to make. Did she regret it? Listen in to find out! Link to her book on Ethical Dilemmas: https://tinyurl.com/mtcuz8rm

In this episode, I interviewed Tom McLeod and discussed the How, the Who, and the Where of the future of Internal Audit. Tom had some thought-provoking ideas on the topic and on how organizations can use GLOBAL talent to suit their needs (why restrict yourself to local talent?). He also had some points regarding how demographic trends (particularly in India and China) will play a role in our profe...

In this episode, I interviewed Alex Ruehle, CEO of zapliance, a human-centric, data-based, context-driven company, providing data analytic solutions to its clients. Alex told me about his journey of learning Internal Audit from scratch, not being fully appreciated where he used to work, and ultimately opening his own Audit company. Zapliance currently has 14 employees. Some of his tips include: -...

In this episode, I interviewed Oscar Trimboli and talked about Deep Listening. We discussed the science behind listening and some tips on mastering this skill. We also discussed listening for the 'how' versus the 'what', and taking notes (friend and foe). Lastly, he had some tips on listening to what is not being said! Oscar had a powerful story at the end of our interview on how Internal Auditors...

In this episode, I interviewed Alex Sidorenko and talked about how he would audit a Risk Management function. We also discussed the superiority of quantitative versus qualitative methods and how some risks are not worth attempting to quantify. Lastly, we discussed how reputational risks DO NOT exist. Do you know of a qualitative risk method better than a quantitative one? Alex wants to hear about...