The Assurance Show

Risk Insights - Conor McGarrity and Yusuf Moolla

The podcast for performance auditors and internal auditors that focuses on data & risk. Hosted by Conor McGarrity and Yusuf Moolla. Produced by Risk Insights.

0. Introduction to the Assurance Show
Trailer 7 min 47 sec

All Episodes

This is the fourth in a series of episodes that focus on performance auditing.In this episode, we discuss five suggestions to help improve the conduct (fieldwork / execution) phase.Link:  This episode's web page (riskinsights.com.au/the-assurance-show-52)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). 

Nov 14

13 min 34 sec

In this episode we discuss why and how audit quality is improved when we keep things simple.Link:  This episode's web page (riskinsights.com.au/the-assurance-show-51)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). 

Oct 12

16 min 28 sec

This is the third in a series of episodes that focus on performance auditing.In this episode, we discuss the benefits of adopting a data focused approach during audit planning.Link:  This episode's web page (riskinsights.com.au/the-assurance-show-50)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). 

Sep 28

17 min 58 sec

This is the second of a series of episodes that focus on performance auditing.In this episode, we discuss the importance of balance in your work program - covering each of the four objectives:EffectivenessEfficiencyEconomyComplianceLink:  This episode's web page (riskinsights.com.au/the-assurance-show-49)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). 

Sep 7

15 min 55 sec

This is the first of a series of episodes that focus on performance auditing.In this episode, we discuss strategic audit planning (a.k.a. forward work planning).For internal auditors, this is similar to annual (or equivalent) audit planning.Understanding your community / public expectationsUnderstanding your elected body / parliamentariansUnderstanding the entities within your audit office's jurisdictionLink:  This episode's web page (riskinsights.com.au/the-assurance-show-48)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). 

Aug 18

17 min 59 sec

In this episode we discuss three simple ways to improve the data cleansing process - easier, faster and higher quality.Find the optimal data source (e.g., don't use a poorly structured dataset)Cleanse iteratively - you may not need all of the fields/columnsImport iteratively - start with a subset of the data and build on that as neededLink:  This episode's web page (riskinsights.com.au/the-assurance-show-47)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). 

Aug 1

9 min 41 sec

In this episode we discuss the use of risk/performance indicators.These can be used by audit teams, risk teams and integrity agencies.For audit teams, they are useful throughout the audit lifecycle - planning / risk assessment, fieldwork / conduct and reporting.We explore why they are useful, what to do and briefly how to get started.This page (riskinsights.com.au/the-assurance-show-46) contains an example of a dashboard that brings risk indicators together. Link:  This episode's web page (riskinsights.com.au/the-assurance-show-46)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). 

Jul 18

14 min 52 sec

Christine (performance audit) and Xiaoyan (data analytics) are Directors with ANAO, the Australian National Audit Office.In this episode we discuss:What ANAO doesThe five ways ANAO uses data in its performance auditsHow performance audit teams work with the central data teamChallenges with data preparationThe benefits of a strong focus on data qualityLinks: The Australian National Audit Office (www.anao.gov.au)This episode's web page (riskinsights.com.au/the-assurance-show-45)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). 

Jun 20

19 min 34 sec

Tiina Landau is an internationally recognized sustainability expert and Certified European Financial Analyst (CEFA). She currently works as Sustainability Manager at Neste Corporation, embedding sustainability considerations into new business models and supply chains. She has extensive experience as a speaker in media and seminars and also writes a column in the Finnish financial newspaper Kauppalehti.In this episode, we discuss Tiina's book: Sustainable Investing - Beating the Market with ESG.  We also explore how internal auditors can help their organizations navigate ESG risks and opportunities. Links:  This episode's web page (riskinsights.com.au/the-assurance-show-44) Tiina's book: Sustainable Investing - Beating the Market with ESG (www.palgrave.com/gp/book/9783030714888)Tiina on LinkedIn (www.linkedin.com/in/tiinalandau/) About this show:  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).   

Jun 6

28 min 36 sec

Erica Toelle is a senior product marketing manager on the Microsoft compliance product team, with focus on information governance and records management. Erica is a long-time member of the SharePoint and Microsoft 365 community, a former Microsoft MVP, a published author, and a recognized expert in the information governance area.   In this episode, we discuss Erica's book - Microsoft 365 Compliance: A Practical Guide to Managing Risk. Links:  This episode's web page (riskinsights.com.au/the-assurance-show-43)Erica's book - Microsoft 365 Compliance: A Practical Guide to Managing Risk (https://www.apress.com/us/book/9781484257777)Erica on LinkedIn (https://www.linkedin.com/in/ericatoelle/) About this show:  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).   

May 23

24 min 59 sec

Michael DeCero is an Internal Audit Analytics Manager at TDS, a telecommunications company. In this episode, Michael explains how he helps his audit team use data.  Links:  This episode's web page (riskinsights.com.au/the-assurance-show-42)Towards Data Science (www.linkedin.com/company/towards-data-science) Michael on LinkedIn  (www.linkedin.com/in/michael-decero-39b95b44/)About this show:  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).   

May 9

25 min 58 sec

Steve Rummel is a Senior Internal Audit Analytics Manager at CVS Health.In this episode, Steve explains how he helps his audit team use data.Link: This episode's web page (riskinsights.com.au/the-assurance-show-41)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).

Apr 25

34 min 35 sec

Ari Levien is an experienced Chief Information Officer who has also played the role of Chief Risk Officer.In this episode we discuss how a CIO (with an understanding of risk) thinks about security and risk.  We also discuss his views of Internal Audit and what good looks like for IA.Link: This episode's web page (riskinsights.com.au/the-assurance-show-40)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). 

Apr 12

25 min 54 sec

In using data for audits, quality assurance of our work is important.In this episode, we discuss: 1.  The four main QA stepsTechnical QA Functional QA Business QA (validation) Audit QA 2. Why we need a QA PlanLink: This episode's web page (riskinsights.com.au/the-assurance-show-39)About this podcastThe podcast for performance auditors and internal auditors focuses on data & risk.  Hosted by Conor McGarrity and Yusuf Moolla.   Produced by Risk Insights (riskinsights.com.au).   

Mar 28

10 min 35 sec

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 data2. Ensure the data is in the right format for analysis3. Save time by avoiding incorrect conclusions4. Confidence in the analysis and result5. Identify important data related improvement opportunitiesLink: 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 data & risk.Hosted by Conor McGarrity and Yusuf Moolla. Produced by Risk Insights (riskinsights.com.au). 

Mar 14

13 min

Morag (Senior Manager) and Gemma (Director) are Performance Auditors with Audit Scotland.In this episode we discuss how they are using data in their audits, their experience in developing Audit Scotland's data capabilities, collaboration with other audit offices and what the future roadmap looks like. We also discuss their focus on ensuring their reports meet their audience’s needs, and how data visualisations and charts are being used to communicate key messages.Link: This episode's web page (riskinsights.com.au/the-assurance-show-37)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). 

Feb 28

36 min 5 sec

In this episode, we discuss why it is important to focus on our audit objective when using data analysis in our audit.We explore:Why a focus on the objective helps us measure successWhy we should avoid rules based analysisHow a focus on the objective helps us stay true to our audit mandateCost benefit analysis when we find things that are not related to the auditWhy a focus on the objective helps us in reporting on data quality or missing dataLink: This episode's web page (riskinsights.com.au/the-assurance-show-36)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).

Feb 14

20 min 21 sec

Stephen leads the data science team within Performance Audit at VAGO, the Victorian Auditor General's Office.  We discuss:What VAGO doesStephen's approach to helping auditors use dataWhy it's important for all performance auditors to have data skillsHow VAGO has used open data to improve transparencyYou can reach out to Stephen via LinkedIn (www.linkedin.com/in/smcateer).LinksVAGO 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-delivery)VAGO Audit Report – Accessibility  of Tram Services with interactive map on the accessibility of Melbourne’s tram network (www.audit.vic.gov.au/report/accessibility-tram-services)VAGO Audit Report – Council Libraries which uses Data Envelopment Analysis (DEA) to evaluate efficiency (www.audit.vic.gov.au/report/council-libraries)This episode's web page (riskinsights.com.au/the-assurance-show-35) 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). 

Jan 31

33 min 7 sec

Taka is the inaugural Chief Data Scientist at the US Government Accountability Office.  He also leads the GAO's Innovation Lab.  We discuss:What the GAO doesHow data science is helping GAOInnovation and experimentation at GAOMachine learning assuranceYou can reach out to Taka via the GAO website.LinksThis episode's web page (riskinsights.com.au/the-assurance-show-34)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). 

Jan 17

35 min 58 sec

In this episode, we discuss 10 of the more common areas of focus in using data for audits.Get over the fear of using dataFocus on the objective and develop the hypothesesCheck for previous work, to avoid duplicationSource the data – internal and openPrepare the data and check qualityPerform the analysis, prove/disprove the hypothesesConduct QA and business validationReport and visualizeShare for potential reuse (audit team, management, other agencies)Lessons learnt: governance, quality of data, timing, process, etc.Link: This episode's web page (riskinsights.com.au/the-assurance-show-33)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). 

Jan 10

14 min 59 sec

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).LinksFinancial 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/product/visual-vocabulary-in-excel)Alli's brainstorming worksheet for developing visual metaphorsAlli's brainstorming template for focusing the story in your data vizAlli's Tessellated Unit Chart for Viz for Social GoodViz for Social Good (www.vizforsocialgood.com)Reuter's "Drowning in Plastic"This episode's web page with transcript (riskinsights.com.au/the-assurance-show-32)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). 

Jan 3

35 min 25 sec

In this episode we wrap up, talking about:a few things we've learned this yearfeedback - what people found valuablefeedback - what people want to hear more aboutsome of the tech/software used to produce this podcastLinks This episode's web page with transcript (riskinsights.com.au/the-assurance-show-31)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). 

Dec 2020

13 min 31 sec

Note: This is a guest interview.John talks to us about what audit offices (a.k.a. supreme audit institutions) do and the role of the CTO in an audit focused organization.He shares his views on a range of issues including: His positive experience with their (outsourced) internal auditorsHow he supports an audit focused organizationCyber and data governance frameworks; evolving IT practices that auditors need to keep a close eye on.John is open to connecting with like-minded professionals.You can reach out to him on LinkedIn.LinksJohn Moore on LinkedIn (www.linkedin.com/in/john-moore-01986a7a)Where John works (Queensland Audit Office) (www.qao.qld.gov.au)Where John studied (Loughborough University) (www.lboro.ac.uk)The Essential Eight (strategies to mitigate cyber security incidents) (www.cyber.gov.au/acsc/view-all-content/essential-eight/essential-eight-explained)ISO27001 (www.iso.org/isoiec-27001-information-security.html)Microsoft password policy recommendations (docs.microsoft.com/en-us/microsoft-365/admin/misc/password-policy-recommendations)This episode's web page with transcript (riskinsights.com.au/the-assurance-show-30)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). 

Dec 2020

19 min 32 sec

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.LinksMonitaur (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). 

Nov 2020

28 min 59 sec

Note: This is a guest interview.David talks to us about IAC's latest report, the Talent Barometer and the upcoming Diversity report. He shares his views on a range of issues including: Data skill gapsLeadership skill gapsWhy culture is importantDavid is open to connecting with Internal Auditors.You can reach out to him on LinkedIn.LinksDavid Haylor on LinkedIn (www.linkedin.com/in/internalaudit)The IAC Talent Barometer (iac-auditsearch.com/the-iac-talent-barometer)Where David became an army officer (Royal Military Academy at Sandhurst)This episode's web page with transcript (riskinsights.com.au/the-assurance-show-28)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). 

Nov 2020

28 min 51 sec

In this episode we discuss how answering a few simple questions about your audience can improve your audit reporting.These help make several report areas better:Scope and titleContextFindings / Improvement oppsLink: This episode's web page with transcript (riskinsights.com.au/the-assurance-show-27)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). 

Nov 2020

14 min 59 sec

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 securityHow cyber security and information security differWhat 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.LinksCarlos Phoenix on LinkedIn (www.linkedin.com/in/carlos-phoenix)O.MG cables (mg.lol/blog/omg-cable)This episode's web page with transcript (riskinsights.com.au/the-assurance-show-26)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). 

Nov 2020

29 min 58 sec

In this episode we learn a bit about Yusuf, one of the co-hosts of the show.He explains what he considers to be the highlights of his career.Link: This episode's web page with transcript (riskinsights.com.au/the-assurance-show-25)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). 

Nov 2020

11 min 7 sec

In this episode we discuss why discovery exercises are becoming very useful for audits.They help de-risk the conduct of audits, and the three main scenarios we use them for: Audit topic validation and overall audit planningScoping, depth and deliverablePlanning individual auditsLink: This episode's web page with transcript (riskinsights.com.au/the-assurance-show-24)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). 

Oct 2020

20 min 9 sec

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. Hosted by Conor McGarrity and Yusuf Moolla. Produced by Risk Insights (riskinsights.com.au). 

Oct 2020

23 min 25 sec

Note: This is a guest interview.Josam Watson is the CRO of Tyme, a digital banking group that owns one of the world’s fastest growing digital banks. He was previously Chief Audit Executive of a large credit union. Before that, he spent time in internal audit, risk consulting, external audit and in banking operations.Josam talks to us about what he has learned working in various international markets. He shares his views on a range of issues including: internal audit independence (spoiler: he thinks it is overplayed)how internal audit and risk functions have the same focusexerting influence in a positive way over organisational cultureInternal audit creating value – by focusing on both performance and conformancewhy every auditor should have a data mindset, to find and solve business problems.  Josam enjoys networking with risk and assurance professionals. You can reach out to him on LinkedIn.LinksJosam Watson on LinkedIn (www.linkedin.com/in/josam-watson-7a35024)Tyme, a digital banking group that owns one of the world's fastest growing digital banksThis episode's web page with transcript (riskinsights.com.au/the-assurance-show-22)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). 

Sep 2020

39 min 6 sec

In this episode we discuss four (4) approaches to using data for internal audits and performance audits.Reporting onlyProcess focusedHypothesis-basedExploratory (a.k.a. data driven or data led)LinksRelated blog article (riskinsights.com.au/blog/4-audit-data-approaches)This episode's web page with transcript (riskinsights.com.au/the-assurance-show-21)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). 

Sep 2020

31 min 19 sec

In this episode we discuss six (6) sets of words and phrases that are commonly misused.Using data vs analyticsAlgorithm vs modelData owner vs data "custodian"AI vs machine learningOpen source vs open dataBig data vs big dataLink:  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). 

Sep 2020

27 min 3 sec

In this episode we learn a bit about Conor, one of the co-hosts of the show. He explains what inspires him to promote the use of data for integrity and assurance.Link: This episode's web page with transcript (riskinsights.com.au/the-assurance-show-19)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). 

Aug 2020

11 min 49 sec

In this episode we explain why auditors are looking for alternatives to traditional audit management software and audit analytics software.Link: This episode's web page (with full transcript)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. 

Aug 2020

16 min 29 sec

In this episode we discuss a few key matters that auditors need to know relating to the use of AI and auditing AI.3 key objectives: Bias and ethics. Providing sound decision making support. Maximizing the opportunities. 3 key considerations:Model accuracy.The quality of data. Deploying, controlling, security and change.Link: This episode's web page (with full transcript)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. 

Jul 2020

18 min

In this episode we explore five ideas for working with small datasets as part of internal audits or performance audits.Extend the timeframeCombine with proprietary dataCombine with open dataScenario analysisNatural language processing (free text)LinksEpisode 13 - Open Data for internal audit and performance auditThis episode's web page (with full transcript)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. 

Jul 2020

16 min 44 sec

In this episode we discuss how using data enables audit efficiency outcomes.That is, if we think outside of the audit bubble and consider the broader organizational context (in the case of internal audit) or broader public sector context (in the case of performance audit), then using data for our audits can help improve efficiency. LinksThe blog article where this was originally detailedThis episode's web page (with full transcript)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. 

Jun 2020

16 min 43 sec

In this episode we discuss:3 perspectives that auditors should consider regarding data governance, and 3 considerations for auditors in implementing data governance within their functions/teams.LinksControlling access to data within the audit team – open or closed?This episode's web page (with full transcript)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. 

Jun 2020

20 min 39 sec

In this episode we discuss the use of Open Data for internal audit and performance audit.Links The Open Data HandbookGoogle dataset searchThis episode's web page (with full transcript)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. 

May 2020

24 min 19 sec

In this episode we discuss the use of open source software for internal audit and performance audit.We bust 3 common open source myths:Security - that open source is less secureSkills - that open source software has smaller talent poolsQuality - that open source has lower quality.Links Blog: 3 open source myths that might be inhibiting your team's progressThis episode's web page (with full transcript)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. 

May 2020

18 min 54 sec

In this episode we discuss the evaluation of customer feedback/complaints and the use of customer feedback data, within internal audit and performance audit.This includes:Auditing the customer feedback processUsing the customer feedback content (data/information)Using customer feedback data for deeper, more effective, audit analytics.Links Blog: why are auditors increasingly using complaints and customer feedback data?This episode's web page (with full transcript)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. 

May 2020

17 min 26 sec

This is part 6 of a 6-part series.In the first episode, we discussed the 5 most commonly cited data in audit challenges.  In this episode, we discuss solutions to the 5th challenge - reporting (and timing).The five items are:Access to data - you can't get all the data, or you can't get it quickly enough.Low value - the analysis doesn't provide new insights.False positives - too many of them; results are overwhelmingly noisy, distracting your focus.Superficiality - the results are not deep enough to properly understand and refine the problems or to provide opportunities for improvement.Reporting - the results are not available in time for reporting, the report is not tailored to the audience.Links Blog article - 5 challenges to tackle - data in auditBlog article - Principle 3: Maximize benefitsThis episode's web page (with full transcript)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. 

Apr 2020

12 min 54 sec

This is part 5 of a 6-part series.In the first episode, we discussed the 5 most commonly cited data in audit challenges.  In this episode, we discuss solutions to the 4th challenge - superficiality.The five items are:Access to data - you can't get all the data, or you can't get it quickly enough.Low value - the analysis doesn't provide new insights.False positives - too many of them; results are overwhelmingly noisy, distracting your focus.Superficiality - the results are not deep enough to properly understand and refine the problems or to provide opportunities for improvement.Reporting - the results are not available in time for reporting, the report is not tailored to the audience.Links Blog article - 5 challenges to tackle - data in auditBlog article - Principle 3: Maximize benefitsThis episode's web page (with full transcript)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. 

Apr 2020

11 min 15 sec

This is part 4 of a 6-part series.In the first episode, we discussed the 5 most commonly cited data in audit challenges.  In this episode, we discuss solutions to the 3rd challenge - false positives.The five items are:Access to data - you can't get all the data, or you can't get it quickly enough.Low value - the analysis doesn't provide new insights.False positives - too many of them; results are overwhelmingly noisy, distracting your focus.Superficiality - the results are not deep enough to properly understand and refine the problems or to provide opportunities for improvement.Reporting - the results are not available in time for reporting, the report is not tailored to the audience.Links Blog article - 5 challenges to tackle - data in auditBlog article - Principle 3: Maximize benefitsThis episode's web page (with full transcript)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. 

Apr 2020

13 min 22 sec

This is part 3 of a 6-part series.In the first episode, we discussed the 5 most commonly cited data in audit challenges.  In this episode, we discuss solutions to the 2nd challenge - low value.The five items are:Access to data - you can't get all the data, or you can't get it quickly enough.Low value - the analysis doesn't provide new insights.False positives - too many of them; results are overwhelmingly noisy, distracting your focus.Superficiality - the results are not deep enough to properly understand and refine the problems or to provide opportunities for improvement.Reporting - the results are not available in time for reporting, the report is not tailored to the audience.Links Blog article - 5 challenges to tackle - data in auditBlog article - Principle 3: Maximize benefitsThis episode's web page (with full transcript)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. 

Apr 2020

11 min 16 sec

This is part 2 of a 6-part series.In the first episode, we discussed the 5 most commonly cited data in audit challenges.  In this episode, we discuss solutions to the 1st challenge - access to data.The five items are:Access to data - you can't get all the data, or you can't get it quickly enough.Low value - the analysis doesn't provide new insights.False positives - too many of them; results are overwhelmingly noisy, distracting your focus.Superficiality - the results are not deep enough to properly understand and refine the problems or to provide opportunities for improvement.Reporting - the results are not available in time for reporting, the report is not tailored to the audience.Links Blog article - 5 challenges to tackle - data in auditBlog article - Principle 3: Maximize benefitsThis episode's web page (with full transcript)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. 

Apr 2020

17 min 43 sec

In this episode we discuss five key challenges that assurance professionals - internal auditors and performance auditors - face in using data for audits.This is part 1 - outlining the challenges.  In parts 2 to 6, we will discuss solutions to each challenge individually.The five items are:Access to data - you can't get all the data, or you can't get it quickly enough.Low value - the analysis doesn't provide new insights.False positives - too many of them; results are overwhelmingly noisy, distracting your focus.Superficiality - the results are not deep enough to properly understand and refine the problems or to provide opportunities for improvement.Reporting - the results are not available in time for reporting, the report is not tailored to the audience.Links Blog article - 5 challenges to tackle - data in auditBlog article - Principle 3: Maximize benefitsThis episode's web page (with full transcript)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. 

Apr 2020

19 min 16 sec

In this episode we discuss going beyond the audit report. That is, the audit report is not necessarily the end point or final deliverable. There are a few things that we can do to go beyond that and increase the value that we provide. This includes:Remedial actions - going beyond the initial remedial action (related blog article here). Using the report for maximum impact. Following up on reported items. Links Blog article - going beyond the initial remedial actionThe Plain English CampaignThis episode's web page (with full transcript)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. 

Apr 2020

32 min 34 sec

In this episode we explore Open Access to data used within Internal Audit and Performance Audit teams, with focus on 8 exceptions that may necessitate a level of restriction. In general, access should be as open as possible, as explained in the previous episode. But there are 8 specific exceptions to consider, carefully: Cross-border concerns. Strict organizational data governance regimes. Highly sensitive data. The need to maintain Chinese walls. Very large audit teams. Where specific data is sensitive. If there is risk that data will be altered. Vulnerability - heightened security/cyber risk. Links The blog article where this was originally outlined This episode's web page (with full transcript)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. 

Mar 2020

24 min 8 sec