AUDIT 15 FUN

Do you follow up on management action plans? Rarely we should, in Norman Marks' view. Mary Ann Khalil disagrees with that. In her view, what is not documented is not done. Anthony Garnett tends to agree with Mary and also thinks we should follow up on the risks instead of the exact actions agreed on. In his opinion, we should give management some time to respond to our findings, sometimes mayb...

What is the difference between a boss and a leader? What should you do to be a good leader and not a bad boss? Listen to Nichole Thompson for her insights on the topic!

On February 24, 2022, Iryna Unguryan's life took an unimaginable turn as Russian forces invaded her home country of Ukraine, forcing her to flee and leave everything behind. In this moving and motivating episode, gain a brief insight into her resilient path and discover what internal auditors can learn from her story to enhance their approach in the face of uncertainty.

Should we outsource Internal Audit? That was the crux of the debate between Alex Sidorenko and Doug Anderson. The only thing they agreed on was that Internal Auditors need more business acumen. What are your thoughts? Should it be outsourced?

What are the benefits and challenges of a guest auditor program? What does it have in common with the book 'To Kill a Mockingbird'? What does a guest auditor think of the internal audit process? Listen to Gijs Hendrix for his insight on guest auditor programs, and Raycardo Leite for his experience with it as a non-audit professional. Check Gijs' extensive research on the topic here: ht...

What are the successful traits of an internal auditor? Humble? Sure, but when is it okay to brag a little? Great communicators? Sure, but what are practical tips to get better at it? Listen to Shagen Ganason, CAE in South Korea, for his insights.

You are interviewing for a Chief Audit Executive position. What should you do to prepare? What should you avoid doing? What should be your priorities after joining? Listen to Chifundo Biliwita for his insights after recently going through that journey.

In the latest AUDIT 15 FUN episode, I interviewed Brian Nosek, a professor at the University of Virginia and Executive Director at the Center for Open Science, about Francesca Gino, a dishonesty researcher accused by the Data Colada team of data fraud. What evidence did the Data Colada team provide to support the fraud allegations? Are there alternative explanations that could clear Gino of any wr...

How do you audit culture? How do you differentiate when culture is a symptom and when it is the root cause of an issue? Can a small ‘culture issue’ turn out to be much more than that? Listen to James Paterson, author of Beyond the Five Whys, to find out!

What does magic have to do with fraud? What is the relation between the COSO framework and the rubik's cube? Listen to John Tonsick to find out! Check the video episode here: https://tinyurl.com/pt9zepd3

How can internal auditors balance the conflicting priorities of various stakeholders, such as investors, regulators, employees, and the wider community? What is the best to engage with those stakeholders? And if we have not met their expectations, what can we do to regain their trust? Listen to Sundaresan Rajeswar, CAE in Qatar, for a masterclass on the topic!

Your company gets a hint of a significant cybersecurity breach. What are the first three actions you would take? How has the digital transformation in recent years changed corporate governance? What theoretical governance principle is the hardest one to implement? Listen to Lior Segal, Chief Audit Executive in Israel, for his thoughts on these topics.

How would the auditing process work if every strategic decision translated into ethical credits or debits? If a company uses an ethically sound strategy that jeopardizes its competitiveness, what advice would you provide to its strategic management team? If you were a character in a science fiction novel set in a future where AI runs strategic management, how would you ensure these AI systems main...

If auditors had to come up with ground-breaking ideas, what would be the first project they should launch? If auditors were to present at a TED Talk, what paradigm-shifting ideas should they share? Listen to David Dufek, Chief Internal Auditor at Principal Financial Group, answer these and many more questions about audit innovation. Oh, and learn why he would give a below bronze medal to ESG audit...

If you had all the resources, how would you build an audit department from the ground up? Listen in to this engaging debate between Trent Russell, Host of the Audit Podcast, and David Hill, CEO of SWAP Internal Audit Services.

Special episode with my Director, Kara Falco. Listen in to learn about what traits she looks for in an internal auditor, how she would approach auditing if there were no auditing standards, and lessons learned from her career progression at Casey's.

Summary of the IIA International Conference in Amsterdam from the perspective of 11 audit thought leaders.

Internal Audit world competition? What is gamified training all about and why should you care? Listen to this episode with Dominik Foerschler, Managing Director at the Audit Research Center, to find out.

Imagine you have access to a time machine that allows you to go back in time to any specific event. How would you use data analytics to uncover hidden patterns from that event? How will internal audit evolve with continuous monitoring? What innovative approach can you share to handle large datasets? Listen in to Mauricio Imenez, Director of Data Analytics at Grupo Bimbo, for his insights!

Is SOX ruining Internal Audit? Listen in to this engaging debate between Tim Leech, Managing Director at Risk Oversight Solutions, and Norman Marks, renowned audit leader and author of the Management's Guide to SOX. Check Norman's YouTube channel here: https://tinyurl.com/29rfnckv And blog here: https://tinyurl.com/5fw2ptee Check Tim's article here: https://tinyurl.com/sv5bjvnh

If your audit department could have one Artificial Intelligence 'superpower', what would it be? What are some bias risks that you see with AI? If we were to fast-forward to 2030, what do you think an 'AI auditor' role might look like? Listen in to what Alan Maran, CAE at Chewy, had to say about the topic. I hope you enjoy it!

What should be internal audit's primary concern when auditing a cloud solution? How can auditors keep up? What tools are available to assist with cloud audits? Listen in to find out what Galaxia Martin, Cybersecurity and Cloud Expert, had to say about it. Hope you enjoy it!

In this episode, Dr. Sabine Charles, Chief Audit Executive at Touro University, and Chris Patrick, Chief Audit Executive at Sunlight Financial, discuss lessons from the Board. Listen in to find out what they had to say!

What is unconscious bias? What are some common examples of unconscious in the Internal Audit profession? What are some creative ways that we can address them? Listen to Fabio Pimpao, Internal Audit Director for Whirlpool Latin America and IIA Brazil Board member, for great insights on the topic.

Have you watched the movie Moneyball? It covers the use of sabermetrics in baseball, but what is sabermetrics? How is this such a powerful data analytics decision-making tool? And when should we trust our intuition more than data analytics? Listen in to the episode with Bill James, the man behind sabermetrics, for more insights. Disclosure: I do not agree with Bill's position that people cannot le...