49. Performance Audit Mini-Series #2 Work Program Balance

This is the final episode of this podcast. It includes:an explanation - why the podcast is coming to a close.snippets from a selection of prior episodesa brief introduction to Algorithm Integrity Matters - the new Risk Insights podcast.About this podcastThe podcast for performance auditors and internal auditors that use (or want to use) data. Hosted by Conor McGarrity and Yusuf Moolla. Produced by Risk Insights (riskinsights.com.au).

Embracing Internal Audit Evolution: A Conversation with Michael Drechnowicz, Head of Internal Audit at TK ElevatorIn 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) and data analytics, are transforming internal audit processes. The conversation further touches on AI's importance in identifying and managing risks, improving process efficiency, and augmenting the learning experiences of junior auditors. Looking ahead, Michael sees a promising and dynamic future for internal auditors amidst rapid digital transformation.About this podcastThe podcast for performance auditors and internal auditors that use (or want to use) data. Hosted by Conor McGarrity and Yusuf Moolla. Produced by Risk Insights (riskinsights.com.au).

Our guest is Cathy O'Neil, author of Weapons of Math Destruction: how big data increases inequality and threatens democracy.Cathy joined us to discuss critical aspects for auditors to consider, including:The human element: why understanding 'for whom an algorithm might fail' is more important than the detailed technical design of an algorithm.Algorithm testing: the importance of post-deployment testing to ensure there are no unintended adverse outcomes. Setting standards: the need for industry-wide standards so that regulators can ensure there is no bias or discrimination in how algorithms operate. Laggers and leaders: the four big industries/domains using algorithms that need to step up audit in their space and how law-makers and regulators are catching up.Emerging AI, e.g. language models/chatbots - why trust by users is key, and the pros and cons of using these models.LinksCathy's company, ORCAA Weapons of Math Destruction (book)  About this podcastThe podcast for performance auditors and internal auditors that use (or want to use) data. Hosted by Conor McGarrity and Yusuf Moolla. Produced by Risk Insights (riskinsights.com.au).

Maarit Widmann is a data scientist at KNIME (www.knime.com)In this episode, we discuss:What KNIME isWhy the visual programming paradigm (workflows, rather than code) is appealing to both technical and non-technical professionalsThe most challenging aspects of the data science lifecycle, and what auditors should be aware ofThe most important aspects of the data science lifecycle About this podcastThe podcast for performance auditors and internal auditors that use (or want to use) data. Hosted by Conor McGarrity and Yusuf Moolla. Produced by Risk Insights (riskinsights.com.au).

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.This is explored in more depth in our book, here: https://riskinsights.com.au/the-data-confident-internal-auditorAbout this podcastThe podcast for performance auditors and internal auditors that use (or want to use) data. Hosted by Conor McGarrity and Yusuf Moolla. Produced by Risk Insights (riskinsights.com.au).

This episode is a pre-recorded interview with Benji Block for the Author Hour podcast. We discuss our new book, The Data-Confident Internal Auditor.For internal auditors, developing trends in data analysis and data science can feel less like a wealth of information and more like an avalanche. Still, better use of data provides an opportunity to advance your career by adopting new invaluable skills. The missing link: jargon-free guidance that cuts through the hype. The Data-Confident Internal Auditor demystifies the use of data in internal audits through practical step-by-step guidance. With concepts and tools that are easy to understand and apply, this comprehensive guide shows you how to approach data yourself without having to wait on a data scientist or a technical expert.Developed over the course of hundreds of actual audits, these real-world approaches and practices are distilled into a simple sequence of steps that will leave you feeling confident and even eager to apply them for yourself.Links:  The Data-Confident Internal Auditor  on Amazon (https://geni.us/DataConfidentInternal)The Data-Confident Internal Auditor site - with bonus resources (http://data-confident.com/)The original episode on Author Hour (https://authorhour.co/the-data-confident-internal-auditor-yusuf-moolla-conor-mcgarrity/)About this podcastThe podcast for performance auditors and internal auditors that use (or want to use) data. Hosted by Conor McGarrity and Yusuf Moolla. Produced by Risk Insights (riskinsights.com.au).

In this episode we discuss why and how audit quality is improved when we keep things simple.About this podcastThe podcast for performance auditors and internal auditors that use (or want to use) data. Hosted by Conor McGarrity and Yusuf Moolla. Produced by Risk Insights (riskinsights.com.au).

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.About this podcastThe podcast for performance auditors and internal auditors that use (or want to use) data. Hosted by Conor McGarrity and Yusuf Moolla. Produced by Risk Insights (riskinsights.com.au).

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.About this podcastThe podcast for performance auditors and internal auditors that use (or want to use) data. Hosted by Conor McGarrity and Yusuf Moolla. Produced by Risk Insights (riskinsights.com.au).

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:EffectivenessEfficiencyEconomyComplianceAbout this podcastThe podcast for performance auditors and internal auditors that use (or want to use) data. Hosted by Conor McGarrity and Yusuf Moolla. Produced by Risk Insights (riskinsights.com.au).