AUDIT 15 FUN

What are some myths about deception? What are good deception detection techniques? How can auditors build more trust? In this episode, Dr. David Matsumoto, a renowned expert in the field of microexpressions, gestures, nonverbal behavior, culture, and emotion, answered all these questions. I hope you enjoy it!

In practice, the theory is different. Or only all practice contains all theory. There is a lot of theory about the Agile approach, but have you heard of anyone putting it into practice? David Coifman has. Listen in to learn how the framework helped his team prioritize and execute their work, improved their ability to identify root causes, and communication and collaboration with stakeholders. Hope...

Did you know that only 35% of listed companies in Japan have an Audit Committee? Most CAEs report to a supervisory board, which consists of zero directors. Mari Yonezawa didn't like that. So she changed the reporting structure within her organization. Listen to this episode for more board dynamics and changes from Mari's perspective.

What is social engineering? How is it affecting businesses nowadays? What is the most effective way to prevent it? These were some of the questions Chris Hadnagy, Social Engineering expert discussed in the latest episode of the AUDIT 15 FUN podcast.

Why should you care about KRIs? If you had to implement them, how would you go about doing that? Thoughtful panel discussion on the topic, featuring Linh Truong, Marco Nutini, and Robert Berry.

Who says we need a formal report to communicate our audit results? A thought-provoking debate between Andy Kovacs, Norman Marks, and Sara I. James.

What caused the Silicon Valley Bank failure? The Chief Risk Officer left in April 2022, what was that all about? How can we prevent similar failures in the future, if at all? John Maxfield from Maxfield On Banks answered these questions during the episode. He also wrote a thought-provoking article on the topic calling SVB's original sin hubris and greed. Do you agree? Link to the article: http...

Do we need Internal Audit where we are not wanted? A profound and philosophical discussion, but at times a semantic discord, between Marcel Scholte and Sabrina Segal. Who do you agree with?

Do you have a strategic communication plan for your audit department? If not, that is a great tool to empower your staff. What else can you do to empower your staff? What if you are afraid that they will fail?

Some of the best auditors I've ever worked with were over 50 years old. Why companies don't tap into those resources? What are some of the misconceptions about older workers? Listen in to find out!

Have you ever conducted a survey as part of your audit process? You may be doing it all wrong. Jami Shine, Corporate and IT Audit Manager, learned that in a recent project. Listen to this episode to hear the story, and the valuable lessons she shared with the community.

What is the smoothie challenge? What are some practical ways that you can use it as an internal auditor? If Internal Audit was an ingredient in a smoothie, what ingredient would it be? Listen in to Ursula Schmidt, former Executive VP of Internal Audit at RTL, to find out. I hope you enjoy it!

Dan Swanson's work is behind some of the best books available to Internal Auditors. How did he get involved in that business? What are some of the emerging risks and topics he sees from being in that position? What are some book proposals he would like to see? Listen in to find out! Are you the next internal audit book author?

Have you heard of The Care Principles? What are they, and how can they help your organization and Internal Audit department? Isabel Verstraete, brand strategist, and author of the Does Your Brand Care? book answered these questions. Plus, there was one bonus question from Dr. Rainer Lenz. Listen in to find out what it was! Lastly subscribe to The Care Principles YouTube channel here: https://www.y...

Should we audit certain processes in real-time? Keamogetse Noe argued that certain processes, such as tendering, must be audited in real-time to prevent fraud. Charles Schrock argued that a real-time review could be more of a quality assurance function, and we should instead strive to be strategic advisors. What is your opinion?

Are you innovating in your Internal Audit department? Billy O’Connor, VP of Internal Audit, is - what is he doing? What is scenario-based testing? What is design thinking? Listen in to find out! Oh, you may also hear about the innovation community he is putting together and the best way to learn more about it. I hope you enjoy!

Should you start your career in audit doing financial or operational audits? Which one will take you further? June Jiang argued that starting off with financial auditing can help you in the long run, while Tom Weston argued that operational audit is the way to go. What is your opinion?

Edwin Dorsey exposed care.com by creating a fake Harvey Weinstein account. In this episode, he shared his favorite ways of finding dubious companies, some of the financial information he looks for to expose a company, and some techniques employed to find wrongdoing. I hope you enjoy it! Bear Cave newsletter: https://thebearcave.substack.com/

Are annual audit plans useless? It's a hot topic, so it is AUDIT DUEL debate-worthy! Have you heard of the 3 + 9 or 6 + 6 audit plan approach? That was an idea Abbas Al Lawati, Head of Internal Audit at OQ8, brought up during the duel. Jasim Khawaja, Portfolio Head of Internal Audit at United Arab Bank, argued risk profiles are different between organizations and industries, so audit plans have to...

Is the one-page audit report a myth or reality? Why do auditors struggle to explain the root cause of issues in their audit reports? Why is Tracie doing a 60-days to shorter audit reports webinar? Register for the webinar here: https://tinyurl.com/43shrr9

Audit recommendations are useless. That was Robert Berry's proposition. They waste time and negatively affect relationships with clients. Qadir Abdul's position was that they are not useless. Recommendations are part of the dynamic of change. What do you think?

Do you have to present information in your non-native language? Have you noticed how the tone of your voice sounds different in your native language vs. other languages? You are not alone. Many cultures, unfortunately, still associate accents and "different" tones with the speaker's education and even intelligence. What can you do to sound more confident? Listen to voice expert Nic Redman to find...

Last December I wrote this article with my friend Alex Ruehle on how to pitch Internal Audit to Elon Musk: https://tinyurl.com/ub5dcfjn We received several responses from the Internal Audit community and selected four (LinkedIn poll limit) to participate in a MASKED PITCH competition. What is a MASKED PITCH competition? Well, have you heard of the MASKED SINGER competition? It's similar, but we an...

Are auditors responsible for finding fraud? That was the debate between Alaba Awolaja, Chief Managing Consulting at GOARISC and Oversight, and Emmanuel Johannes, CEO at Kepler Associates. The audit profession has had recent developments in this space lately: - Last December, three audit and risk officers at Wells Fargo faced potential multi-million dollar fines for their role in the fake account s...

Annual Audit Plans are useless. Risks evolve and we need to revamp the plan as needed. How should you respond to your Audit Committee if they still ask for an annual audit plan? Will performing a continuous risk assessment really take more time than once a year? What if you don't hear back from the business when you want their input more often? These were the questions answered by Michele Variale,...