Auditing with data: for Performance Auditors and Internal Auditors that use (or want to use) data

In this episode, we discuss 10 of the more common areas of focus in using data for audits. Get over the fear of using data Focus on the objective and develop the hypotheses Check for previous work, to avoid duplication Source the data – internal and open Prepare the data and check quality Perform the analysis, prove/disprove the hypotheses Conduct QA and business validation Report and visualize Sh...

Note: This is a guest interview. Alli is an information design consultant and host of the Data Viz Today podcast. We talk about a range of data visualization matters, including 3 key mistakes that people make when starting out in dataviz (and solutions to those).  You can reach out to Alli via her website (www.allitorban.com). Links Financial Times Visual Vocabulary (github.com/ft-interactive/char...

In this episode we wrap up, talking about: a few things we've learned this year feedback - what people found valuable feedback - what people want to hear more about some of the tech/software used to produce this podcast About this podcast The podcast for performance auditors and internal auditors that use (or want to use) data. Hosted by Conor McGarrity and Yusuf Moolla . Produced by Risk Ins...

Note: This is a guest interview. John talks to us about what audit offices (a.k.a. supreme audit institutions) do and the role of the CTO in an audit focused organization. He shares his views on a range of issues including:  His positive experience with their (outsourced) internal auditors How he supports an audit focused organization Cyber and data governance frameworks; evolving IT practices tha...

Note: This is a guest interview. Andrew talks to us about machine learning (ML) and what auditors should consider regarding ML assurance.  You can reach out to Andrew via the Monitaur website. About this podcast The podcast for performance auditors and internal auditors that use (or want to use) data. Hosted by Conor McGarrity and Yusuf Moolla . Produced by Risk Insights (riskinsights.com.au).

Note: This is a guest interview. David talks to us about IAC's latest report, the Talent Barometer and the upcoming Diversity report.  He shares his views on a range of issues including:  Data skill gaps Leadership skill gaps Why culture is important David is open to connecting with Internal Auditors. You can reach out to him on LinkedIn . Links David Haylor on LinkedIn (www.linkedin.com/in/i...

In this episode we discuss how answering a few simple questions about your audience can improve your audit reporting. These help make several report areas better: Scope and title Context Findings / Improvement opps About this podcast The podcast for performance auditors and internal auditors that use (or want to use) data. Hosted by Conor McGarrity and Yusuf Moolla . Produced by Risk Insights (ris...

Note: This is a guest interview. Carlos talks to us about what auditors should consider regarding cyber security and information security.  He shares his views on a range of issues including:  Cyber security How cyber security and information security differ What auditors should focus on in planning and conducting cyber audits   Carlos is open to connecting with like-minded professionals. You can...

In this episode we learn a bit about Yusuf, one of the co-hosts of the show. He explains what he considers to be the highlights of his career. About this podcast The podcast for performance auditors and internal auditors that use (or want to use) data. Hosted by Conor McGarrity and Yusuf Moolla . Produced by Risk Insights (riskinsights.com.au).

In this episode we discuss why discovery exercises are becoming very useful for audits. They help de-risk the conduct of audits, and the three main scenarios we use them for:   Audit topic validation and overall audit planning Scoping, depth and deliverable Planning individual audits This is explored in more depth in our book, here: https://riskinsights.com.au/the-data-confident-internal-auditor A...

In this episode we explore Principle 3 - Maximize the Benefits of the use of data within Internal Audit and Performance Audit. Sub-principles 3a: Sharing lessons amongst the team.  3b: Identifying other risks and opportunities.  3c: Continuous improvement.  This is explored in more depth in our book, here: https://riskinsights.com.au/the-data-confident-internal-auditor About this podcast The podca...

Note: This is a guest interview. Josam Watson is the CRO of Tyme, a digital banking group that owns one of the world’s fastest growing digital banks.  He was previously Chief Audit Executive of a large credit union. Before that, he spent time in internal audit, risk consulting, external audit and in banking operations. Josam talks to us about what he has learned working in various international ma...

In this episode we discuss four (4) approaches to using data for internal audits and performance audits: Reporting only Process focused Hypothesis-based Exploratory (a.k.a. data driven or data led) This is explored in more depth in our book, here: https://riskinsights.com.au/the-data-confident-internal-auditor About this podcast The podcast for performance auditors and internal auditors that use (...

In this episode we discuss six (6) sets of words and phrases that are commonly misused. Using data vs analytics Algorithm vs model Data owner vs data "custodian" AI vs machine learning Open source vs open data Big data vs big data About this podcast The podcast for performance auditors and internal auditors that use (or want to use) data. Hosted by Conor McGarrity and Yusuf Moolla . Prod...

In this episode we learn a bit about Conor, one of the co-hosts of the show.  He explains what inspires him to promote the use of data for integrity and assurance. About this podcast The podcast for performance auditors and internal auditors that use (or want to use) data. Hosted by Conor McGarrity and Yusuf Moolla . Produced by Risk Insights (riskinsights.com.au).

In this episode we explain why auditors are looking for alternatives to traditional audit management software and audit analytics software. About this podcast The podcast for performance auditors and internal auditors that use (or want to use) data. Hosted by Conor McGarrity and Yusuf Moolla . Produced by Risk Insights (riskinsights.com.au).

In this episode we discuss a few key matters that auditors need to know relating to the use of AI and auditing AI. 3 key objectives:  Bias and ethics.  Providing sound decision making support.  Maximizing the opportunities.  3 key considerations: Model accuracy. The quality of data.  Deploying, controlling, security and change. About this podcast The podcast for performance auditors and internal a...

In this episode we explore five ideas for working with small datasets as part of internal audits or performance audits. Extend the timeframe Combine with proprietary data Combine with open data Scenario analysis Natural language processing (free text) About this podcast The podcast for performance auditors and internal auditors that use (or want to use) data. Hosted by Conor McGarrity and Yusuf Mo...

In this episode we discuss how using data enables audit efficiency outcomes. That is, if we think outside of the audit bubble and consider the broader organizational context (in the case of internal audit) or broader public sector context (in the case of performance audit), then using data for our audits can help improve efficiency.  About this podcast The podcast for performance auditors and inte...

In this episode we discuss: 3 perspectives that auditors should consider regarding data governance, and  3 considerations for auditors in implementing data governance within their functions/teams. About this podcast The podcast for performance auditors and internal auditors that use (or want to use) data. Hosted by Conor McGarrity and Yusuf Moolla . Produced by Risk Insights (riskinsights.com.au).

In this episode we discuss the use of Open Data for internal audit and performance audit. Links  The Open Data Handbook Google dataset search About this podcast The podcast for performance auditors and internal auditors that use (or want to use) data. Hosted by Conor McGarrity and Yusuf Moolla . Produced by Risk Insights (riskinsights.com.au).

In this episode we discuss the use of open source software for internal audit and performance audit. We bust 3 common open source myths: Security - that open source is less secure Skills - that open source software has smaller talent pools Quality - that open source has lower quality. About this podcast The podcast for performance auditors and internal auditors that use (or want to use) data. Host...

In this episode we discuss the evaluation of customer feedback/complaints and the use of customer feedback data, within internal audit and performance audit. This includes: Auditing the customer feedback process Using the customer feedback content (data/information) Using customer feedback data for deeper, more effective, audit analytics. About this podcast The podcast for performance auditors and...

This is part 6 of a 6-part series. In the first episode, we discussed the 5 most commonly cited data in audit challenges.  In this episode, we discuss solutions to the 5th challenge - reporting (and timing). The five items are: Access to data - you can't get all the data, or you can't get it quickly enough. Low value - the analysis doesn't provide new insights. False positives - too...

This is part 5 of a 6-part series. In the first episode, we discussed the 5 most commonly cited data in audit challenges.  In this episode, we discuss solutions to the 4th challenge - superficiality. The five items are: Access to data - you can't get all the data, or you can't get it quickly enough. Low value - the analysis doesn't provide new insights. False positives - too many of...