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”
Astrology is so much more than reading the Sunday horoscope. It’s about making sense of the patterns and cycles in the universe. Consider this, the Berlin Wall went up and came down during similar astrological patterns. We happen to be in this similar pattern again, and there is now talk of putting up another wall. …
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, …
Part 2 our interview with Dennis Ford. Changing and improving corporate culture is not creating another sales strategy or a putting ping-pong table in the break room. It’s about developing a respectful, happy, joyful, supportive workplace where workers feel empowered and engaged. When 80% of US workers are un-engaged, and negative culture costs $550 billion …
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 …
Changing and improving corporate culture is not creating another sales strategy or a putting ping-pong table in the break room. It’s about developing a respectful, happy, joyful, supportive workplace where workers feel empowered and engaged. When 80% of US workers are un-engaged, and negative culture costs $550 billion each year … even when organizations spend …
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”
Brainspotting is a powerful, focused treatment method that works by identifying, processing and releasing core neurophysiological sources of emotional/body pain, trauma, dissociation and also helps achieve peak performance (used by top athletes, actors, etc…). In this episode we discuss how it works and can be a quicker way for releasing unresolved trauma and unlocking potential …
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 …
