As auditors we audit the effectiveness of controls and make recommendations for improving controls. If we are not careful, what we may actually do is recommend ineffective controls or try to over control our organizations, effectively strangling the organization and making it more difficult to achieve objectives. Here’s a case study showing some ineffective and …
Continue reading “E7: Ineffective Controls – Case Study from a Large Bank”
Jason Mefford is joined by Dan Clayton, for a discussion of how internal audit is evolving and changing, driving some of the updates to Sawyer’s Internal Auditing, 7th edition. Information in the International Professional Practices Framework (IPPF), the Internal Audit textbook, and CIA Review Course materials, provide a basis for how to practice internal auditing, …
A recently released study from the AICPA and NC State show that despite the constant drumbeat for improving and formalizing risk management processes, most organizations are still way behind in their efforts. When 60% agree the volume and complexity or risk have changed extensively over the last five years, and 65% of boards are call …
I spent the last several months interviewing many chief audit executives (CAEs) from all over the world to gain a better understanding of the current state of internal audit. What I found is that not only is the pace of change accelerating at an alarming rate, but along with the mounting challenges come plenty of …
Continue reading “E4: Internal Audit Must Embrace Change, or Sink Like a Stone”
When we try to go through this thing called life and our career alone, the road is hard and usually full of landmines. It’s better to admit we need help and create or join a group that can be a support network and group of advisors before the stress and pressures from work spill over …
Continue reading “E3: Creating a Support Network and Some Werewolves in London”
Many support functions in organizations want to be seen as a “trusted advisor” to the business, and internal audit is no exception. There is an aspiration to provide value, so we work really hard proving to ourselves that we are adding value, but other don’t see it and tend to runaway. “And I wonder, I …
In this first episode of Jamming with Jason you’ll hear a little ditty about the show – format, content, and why this show is being produced. We’ll also discuss some of the elephants in the room related to internal audit, the topics of many future shows. This is a real and unscripted show about what …
Continue reading “E1: A Little Ditty and Some Elephants in the Room”
The Jamming with Jason Podcast is hosted by Jason Mefford. He’s been in the trenches as an executive leader, and now is a cutting-edge executive leadership coach and confidential advisor to top executives all over the world, using a multi-disciplinary approach to improve learning, that drives transformation by getting to the root cause in a practical, …
