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 work demonstrates a shift from traditional finance-focus towards extensive business process coverage, ranging from sales to purchasing and fraud investigations.  We discuss the increasing importance of diversity in global audit teams and how technology, particularly Artificial Intelligence (AI ..read more

Guest: Hassan Jan, Senior Audit Manager at Fidelity Canada. Hassan takes us through his journey as a CPA (Chartered Professional Accountant) who gradually developed a keen interest in data analytics while working in internal audit departments. He shares how he currently uses data analytics and other forms of machine learning to enhance Fidelity Canada's capabilities and practices. The conversation soon goes into the weeds of internal auditing, as Hassan discusses the use cases for internal audit data analytics. From board reporting to continuous monitoring in different organizations, Hassan ..read more

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 avoiding incorrect conclusions 4. Confidence in the analysis and result 5. Identify important data related improvement opportunities Link: This episode's web page (riskinsights.com.au/the-assurance-show-38) About this podcast  The podcast for performance auditors and internal auditors that focuses on ..read more

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 transparency You can reach out to Stephen via LinkedIn (www.linkedin.com/in/smcateer). Links VAGO Audit Report – Measuring  and reporting on service delivery with interactive dashboard for exploring Victorian department performance (www.audit.vic.gov.au/report/measuring-and-reporting-service ..read more

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/chart-doctor/tree/master/visual-vocabulary) Stephanie Evergreen's What, So What, Now What (stephanieevergreen.com/what-so-what-now-what) Template for all those charts done in excel (policyviz.com ..read more

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-assurance-show-29) About this podcast The podcast for performance auditors and internal auditors that focuses on data & risk. Hosted by Conor McGarrity and Yusuf Moolla. Produced by Risk Insights (riskinsights.com.au).  ..read more

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 reach out to him on LinkedIn. Links Carlos Phoenix on LinkedIn (www.linkedin.com/in/carlos-phoenix) O.MG cables (mg.lol/blog/omg-cable) This episode's web page with transcript (ri ..read more

In this episode we explore Principle 3 - Maximize the Benefits of the use of data within Internal Audit and Performance Audit. Sub-principles3a: Sharing lessons amongst the team.  3b: Identifying other risks and opportunities.  3c: Continuous improvement.  Links  The blog article where this principle was originally outlined (riskinsights.com.au/blog/audit-data-governance-5) This episode's web page with transcript (riskinsights.com.au/the-assurance-show-23) About this podcast  The podcast for performance auditors and internal auditors that focuses on data & risk ..read more

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.com.au/the-assurance-show-20) About this podcast  The podcast for performance auditors and internal auditors that focuses on data & risk. Hosted by Conor McGarrity and Yusuf Moolla. Produced by Risk Insights (riskinsights.com.au).  ..read more

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-assurance-show-54) About this podcast  The podcast for performance auditors and internal auditors that focuses on data & risk. Hosted by Conor McGarrity and Yusuf Moolla. Produced by Risk Insights (riskinsights.com.au).  ..read more