AUDIT 15 FUN

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: https://maxfieldonbanks.substack.com/p/the-original-sin-of-silicon-valley

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.youtube.com/@TheCarePrinciples 

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!