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 the CAE? Listen in to find out what Jan had to say! I hope you enjoy the episode....
Oct 19, 2022•18 min•Ep 45•Transcript available on Metacast 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 give credit to when making decisions. Listen in to find out what he had to say! I hope you enjoy it! H...
Oct 17, 2022•35 min•Ep 44•Transcript available on Metacast 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! Looking for the dream job? You may have to create it yourself. That’s what Hossam did. I hope you ...
Oct 05, 2022•50 min•Ep 43•Transcript available on Metacast 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 hear Mike’s story, learn about not only his audit career, but how he became a water ski World Record ...
Oct 04, 2022•28 min•Ep 42•Transcript available on Metacast 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 auditors out there. Listen in to check out what he had to say! I hope you enjoy it. NYT...
Sep 27, 2022•26 min•Ep 41•Transcript available on Metacast 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’s value? Listen to this episode for more tips on Transitioning and Thriving in your career.
Sep 22, 2022•27 min•Ep 40•Transcript available on Metacast 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!
Sep 15, 2022•19 min•Ep 39•Transcript available on Metacast 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 book (and she is actually working on that) and lastly talked about the upcoming Level Up Audit Summ...
Sep 08, 2022•18 min•Ep 38•Transcript available on Metacast 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 company executives tried to defend themselves by saying that the risk within their risk matrix was 'yell...
Sep 02, 2022•29 min•Ep 37•Transcript available on Metacast 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 high-accountability talent. Lastly, Cy had some notes on why leaders should stop complaining (it leads ...
Aug 30, 2022•37 min•Ep 36•Transcript available on Metacast 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!
Aug 26, 2022•21 min•Ep 34•Transcript available on Metacast 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.
Aug 25, 2022•17 min•Ep 34•Transcript available on Metacast 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 you enjoy the episode.
Aug 23, 2022•23 min•Ep 33•Transcript available on Metacast 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!
Aug 17, 2022•25 min•Ep 32•Transcript available on Metacast 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 communications. Listen in to find out what Marta has identified so far! I hope you enjoy it. Marta's websit...
Aug 15, 2022•18 min•Ep 31•Transcript available on Metacast 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.
Aug 11, 2022•18 min•Ep 30•Transcript available on Metacast 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: www.thatauditguy.com/ Additional resource: https://community.thatauditguy.com/...
Aug 10, 2022•31 min•Ep 29•Transcript available on Metacast 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!
Aug 05, 2022•48 min•Ep 28•Transcript available on Metacast 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
Jul 28, 2022•20 min•Ep 27•Transcript available on Metacast 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 profession. Listen in to check out to whom Tom thinks the future belongs!
Jul 23, 2022•30 min•Ep 26•Transcript available on Metacast 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: - Get your family on board. - Be surrounded by people who believe in you. - Connect, connect, connect ...
Jul 16, 2022•20 min•Ep 25•Transcript available on Metacast 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 can communicate their recommendations to Executive Leadership. Link to his website: https://www.osc...
Jul 15, 2022•35 min•Ep 24•Transcript available on Metacast 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 it!
Jul 07, 2022•49 min•Ep 23•Transcript available on Metacast In this episode, I interviewed Tim Leech, Managing Director at Risk Oversight Solutions. Tim talked about how Internal Audit needs to move away from legacy methods and apply an Objective-Centric approach. He also discussed why we need to move away from critical parent-child relationships when interacting with audit clients. I hope you enjoy the episode!
Jun 24, 2022•42 min•Ep 22•Transcript available on Metacast In this episode, I interviewed Nick Espinosa, a cyber security expert from Security Fanatics. Nick shared some basic training non-IT auditors can take to be more proficient in the area. He also discussed some of the most and least effective controls companies can implement. Don't buy a Ferrari if you are going to have a chimpanzee drive it! I hope you enjoy the episode.
Jun 17, 2022•19 min•Ep 21•Transcript available on Metacast In this AUDIT 15 FUN episode, I had the chance to interview Chris Patrick, Head of Internal Audit at Figure Technologies, and discuss the report rating process. Should we rate audit reports? Listen in to what he had to say. Hint: The report rating process is much, much more about relationships than assigning a rating. Here is the link to his article on the topic: https://www.auditboard.com/blog/should-you-rate-audit-reports/
Jun 14, 2022•34 min•Ep 20•Transcript available on Metacast In this AUDIT 15 FUN episode, I had the chance to interview Liz Sandwith and talk about Assurance Mapping. Does Assurance Mapping sound like a hard task to accomplish? It shouldn’t be…Liz had a powerful message on why we need to KEEP IT SIMPLE! Listen to the episode for more insights from one of the greatest in our profession.
Jun 11, 2022•22 min•Ep 19•Transcript available on Metacast Auditors you FAILED… EY auditors that is. In the Wirecard case. Dan McCrum is an investigative journalist who was involved in the Wirecard case, one of the largest fraud cases in recent history. In this AUDIT 15 FUN episode, I discussed some of the parallels between Investigative Journalism and Internal Audit with Dan. He had some tips on how to become trusted with your sources and insights into why EY utterly failed by signing off Wirecard financial statements for about 10 years. He nailed it o...
Jun 09, 2022•29 min•Ep 18•Transcript available on Metacast In this episode, I had the chance to interview Nicola Osinaike and talk about Data Analytics. Are Internal Auditors lazy when it comes to Data Analytics? Do they just need to ask better questions instead of learning fancy tools? Listen in to check out what she had to say! Check out some of her content: https://www.linkedin.com/company/audit-data-hub/ https://auditopia.com/monthly-free-unlocked/
May 12, 2022•21 min•Ep 17•Transcript available on Metacast In this episode, I had the chance to interview Andy Fastow and talk about the concept of Legal Fraud. Andy shared his perspective from his time at Enron, and red flags Internal Auditors can use today to identify problems at a company. I hope you enjoy it!
May 06, 2022•25 min•Ep 16•Transcript available on Metacast 
