Suggestions/questions - click here to send us a message! Embracing Internal Audit Evolution: A Conversation with Michael Drechnowicz, Head of Internal Audit at TK Elevator In this episode, Michael shares his insights on the evolution of IA in his role as Head of Internal Audit with a major player in the global elevator and escalator industry. His w…

Suggestions/questions - click here to send us a message! Maura Hayes-Chaffe is the Deputy Comptroller for Audit in New York City. This episode has snippets from the full episode recorded for The Performance Audit Report.By Risk Insights - Conor McGarrity and Yusuf Moolla

Suggestions/questions - click here to send us a message! Our guest is Cathy O'Neil, author of Weapons of Math Destruction: how big data increases inequality and threatens democracy. Cathy joined us to discuss critical aspects for auditors to consider, including: The human element: why understanding 'for whom an algorithm might fail' is more importa…

Suggestions/questions - click here to send us a message! Michael Pickup is the Auditor General of British Columbia in Canada. This episode has snippets from the full episode recorded for The Performance Audit Report.By Risk Insights - Conor McGarrity and Yusuf Moolla

Suggestions/questions - click here to send us a message! Patrick Barr is Director, Performance Audit at the Northern Ireland Audit Office. This episode has snippets from the full episode recorded for The Performance Audit Report.By Risk Insights - Conor McGarrity and Yusuf Moolla

Suggestions/questions - click here to send us a message! Kelsey Thompson is an Assistant City Auditor with the Office of the City Auditor in Austin, Texas. This episode has snippets from the full episode recorded for The Performance Audit Report. In the episode, you will hear Kelsey saying that she is a supervising senior auditor - she was at the t…

Suggestions/questions - click here to send us a message! Mike Scott is Lead Auditor and Manager Assurance and Audit at the New Zealand Department of Internal Affairs. He has over 30 years of audit experience, including 15 years in performance audit with the New Zealand Office of the Auditor-General and 17 years with the UK National Audit Office. Th…

Suggestions/questions - click here to send us a message! This is an episode that aired on The Rundown [Kansas Legislative Division of Post Audit], discussing the report "Evaluating the Kansas Department of Labor’s Response to COVID-19 Unemployment Claims (Part 2)"By Risk Insights - Conor McGarrity and Yusuf Moolla

Suggestions/questions - click here to send us a message! Mark Funkhouser is President, Funkhouser & Associates. He is one of the founders of the International Center for Performance Auditing (ICPA) and previously spent 18 years with the Office of the City Auditor of Kansas and 10 years with the Tennessee Division of State Audit. He's been the Mayor…

Suggestions/questions - click here to send us a message! Scott Frank is the Director of Performance and IT Audit at the Washington State Auditor’s Office. This episode has snippets from the episode recorded for The Performance Audit Report. The episode was recorded at the 2022 NSAA conference in Atlanta, Georgia. In this episode, we discuss: How pe…

Suggestions/questions - click here to send us a message! Maarit Widmann is a data scientist at KNIME. In this episode, we discuss: What KNIME is Why the visual programming paradigm (workflows, rather than code) is appealing to both technical and non-technical professionals The most challenging aspects of the data science lifecycle, and what auditor…

Suggestions/questions - click here to send us a message! In this episode we discuss the use of the word "analysis" in the context of using data for audits. This is an attempt to define the "analysis phase" - or stop using it as the name of a phase - so that we can better structure our work. Link: This episode's web page (riskinsights.com.au/the-ass…

Suggestions/questions - click here to send us a message! This episode is a pre-recorded interview with Benji Block for the Author Hour podcast. We discuss our new book, The Data-Confident Internal Auditor. For internal auditors, developing trends in data analysis and data science can feel less like a wealth of information and more like an avalanche…

Suggestions/questions - click here to send us a message! This is the fourth in a series of episodes that focus on performance auditing. In this episode, we discuss five suggestions to help improve the conduct (fieldwork / execution) phase. Link: This episode's web page (riskinsights.com.au/the-assurance-show-52) About this podcast The podcast for p…

Suggestions/questions - click here to send us a message! In this episode we discuss why and how audit quality is improved when we keep things simple. Link: This episode's web page (riskinsights.com.au/the-assurance-show-51) About this podcast The podcast for performance auditors and internal auditors that focuses on data & risk. Hosted by Conor McG…

Suggestions/questions - click here to send us a message! This is the third in a series of episodes that focus on performance auditing. In this episode, we discuss the benefits of adopting a data focused approach during audit planning. Link: This episode's web page (riskinsights.com.au/the-assurance-show-50) About this podcast The podcast for perfor…

Suggestions/questions - click here to send us a message! This is the second of a series of episodes that focus on performance auditing. In this episode, we discuss the importance of balance in your work program - covering each of the four objectives: Effectiveness Efficiency Economy Compliance Link: This episode's web page (riskinsights.com.au/the-…

Suggestions/questions - click here to send us a message! This is the first of a series of episodes that focus on performance auditing. In this episode, we discuss strategic audit planning (a.k.a. forward work planning). For internal auditors, this is similar to annual (or equivalent) audit planning. Understanding your community / public expectation…

Suggestions/questions - click here to send us a message! In this episode we discuss three simple ways to improve the data cleansing process - easier, faster and higher quality. Find the optimal data source (e.g., don't use a poorly structured dataset) Cleanse iteratively - you may not need all of the fields/columns Import iteratively - start with a…

Suggestions/questions - click here to send us a message! In this episode we discuss the use of risk/performance indicators. These can be used by audit teams, risk teams and integrity agencies. For audit teams, they are useful throughout the audit lifecycle - planning / risk assessment, fieldwork / conduct and reporting. We explore why they are usef…

Suggestions/questions - click here to send us a message! Christine (performance audit) and Xiaoyan (data analytics) are Directors with ANAO, the Australian National Audit Office. In this episode we discuss: What ANAO does The five ways ANAO uses data in its performance audits How performance audit teams work with the central data team Challenges wi…

Suggestions/questions - click here to send us a message! Tiina Landau is an internationally recognized sustainability expert and Certified European Financial Analyst (CEFA). She currently works as Sustainability Manager at Neste Corporation, embedding sustainability considerations into new business models and supply chains. She has extensive experi…

Suggestions/questions - click here to send us a message! Erica Toelle is a senior product marketing manager on the Microsoft compliance product team, with focus on information governance and records management. Erica is a long-time member of the SharePoint and Microsoft 365 community, a former Microsoft MVP, a published author, and a recognized exp…

Suggestions/questions - click here to send us a message! Michael DeCero is an Internal Audit Analytics Manager at TDS, a telecommunications company. In this episode, Michael explains how he helps his audit team use data. Links: This episode's web page (riskinsights.com.au/the-assurance-show-42) Towards Data Science (www.linkedin.com/company/towards…

Suggestions/questions - click here to send us a message! Steve Rummel is a Senior Internal Audit Analytics Manager at CVS Health. In this episode, Steve explains how he helps his audit team use data. Link: This episode's web page (riskinsights.com.au/the-assurance-show-41) About this podcast The podcast for performance auditors and internal auditor…

Suggestions/questions - click here to send us a message! Ari Levien is an experienced Chief Information Officer who has also played the role of Chief Risk Officer. In this episode we discuss how a CIO (with an understanding of risk) thinks about security and risk. We also discuss his views of Internal Audit and what good looks like for IA. Link: Th…

Suggestions/questions - click here to send us a message! In using data for audits, quality assurance of our work is important. In this episode, we discuss: 1. The four main QA steps Technical QA Functional QA Business QA (validation) Audit QA 2. Why we need a QA Plan Link: This episode's web page (riskinsights.com.au/the-assurance-show-39) About th…

Suggestions/questions - click here to send us a message! In this episode, we discuss FIVE major benefits of investing our time in preparing our data and checking its quality. These include, in reverse order of importance: 1. Exploration during data prep to understand the data 2. Ensure the data is in the right format for analysis 3. Save time by av…

Suggestions/questions - click here to send us a message! Morag (Senior Manager) and Gemma (Director) are Performance Auditors with Audit Scotland. In this episode we discuss how they are using data in their audits, their experience in developing Audit Scotland's data capabilities, collaboration with other audit offices and what the future roadmap l…

Suggestions/questions - click here to send us a message! In this episode, we discuss why it is important to focus on our audit objective when using data analysis in our audit. We explore: Why a focus on the objective helps us measure success Why we should avoid rules based analysis How a focus on the objective helps us stay true to our audit mandat…

Suggestions/questions - click here to send us a message! Stephen leads the data science team within Performance Audit at VAGO, the Victorian Auditor General's Office. We discuss: What VAGO does Stephen's approach to helping auditors use data Why it's important for all performance auditors to have data skills How VAGO has used open data to improve t…

Suggestions/questions - click here to send us a message! Taka is the inaugural Chief Data Scientist at the US Government Accountability Office. He also leads the GAO's Innovation Lab. We discuss: What the GAO does How data science is helping GAO Innovation and experimentation at GAO Machine learning assurance You can reach out to Taka via the GAO w…

Suggestions/questions - click here to send us a message! 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 Per…

Suggestions/questions - click here to send us a message! 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…

Suggestions/questions - click here to send us a message! 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 Links This episode's web page with transcript (riskinsights.com.au/the-as…

Suggestions/questions - click here to send us a message! 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…

Suggestions/questions - click here to send us a message! 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. Links Monitaur (monitaur.ai) This episode's web page with transcript (riskinsights.com.au/the-assuran…

Suggestions/questions - click here to send us a message! 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 Au…

Suggestions/questions - click here to send us a message! 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 Link: This episode's web page with transcript (riskinsights.com.au/the-assuran…

Suggestions/questions - click here to send us a message! 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 pla…

Suggestions/questions - click here to send us a message! 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. Link: This episode's web page with transcript (riskinsights.com.au/the-assurance-show-25) About this podcast The podcast for performance auditors and …

Suggestions/questions - click here to send us a message! 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 Link: This…

Suggestions/questions - click here to send us a message! 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. Links The blog article where this prin…

Suggestions/questions - click here to send us a message! 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 …

Suggestions/questions - click here to send us a message! 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) Links Related blog article (riskinsights.com.au/blog/4-audit-data-approaches) This episode's we…

Suggestions/questions - click here to send us a message! 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 Link: This episode's web page with transcript (riskinsights.co…

Suggestions/questions - click here to send us a message! 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. Link: This episode's web page with transcript (riskinsights.com.au/the-assurance-show-19) About this podcast The podcast for perfo…

Suggestions/questions - click here to send us a message! In this episode we explain why auditors are looking for alternatives to traditional audit management software and audit analytics software. Link: This episode's web page (with full transcript) About this podcast The podcast for performance auditors and internal auditors that focuses on data &…

Suggestions/questions - click here to send us a message! 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, co…

Suggestions/questions - click here to send us a message! 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) Links Episode 13 - Open Data for internal…