Jamming with Jason Mefford
Flashback Friday: Traditional Internal Audit is Dying

Flashback Friday: Traditional Internal Audit is Dying

August 28, 2020

For the times, they are a changing in the internal audit profession.

You can choose to stick your head in the ground and ignore what's going on, but you may end up like some CAEs who just got let go from their positions for sticking with a traditional internal audit mindset.

In this week's podcast I share why Traditional Internal Audit is dying. We've been seeing this for years, but I share with you some recent events and evidence that prove again that this is the trend we are seeing.

If you are still spending most of our time auditing lower level process controls and focusing on historical events and internal controls, you are probably stuck in the traditional rut and need to start working your way out by transitioning to a true risk-based internal audit methodology.

Value-based auditing, objective-based auditing vs. risk-based internal auditing I also discuss in this episode.

Listen in at: http://www.jasonmefford.com/jammingwithjason/

#jammingwithjason #internalauditpodcast #internalaudit

Successfully Using Data Analytics with Joe Oringel

Successfully Using Data Analytics with Joe Oringel

August 25, 2020

In this #jammingwithjason #internalauditpodcast I speak with Joe Oringel about some of the challenges #internalaudit is facing when it comes to #dataanalytics. It turns out one reason people struggle is not understanding the seven body of knowledge areas we should be focusing on and determining where you want to be.

We discuss personnel issues (e.g. do you hire a data scientist and teach them how to audit, or train internal auditors how to be a data scientist) and how to plan out your multi-year path on incorporating more data analytics into your audit activities.

If you are working to improve data analytics in your internal audit department, you need to listen to this episode.

Joe Oringel is the Managing Director of Visual Risk IQ. Learn more at: http://visualriskiq.squarespace.com/

To get a copy of the data analytics maturity model discussed during the episode, send an e-mail to info@visualriskiq.com

Flashback Friday: Moving Internal Audit to the Strategic Level with Norman Marks

Flashback Friday: Moving Internal Audit to the Strategic Level with Norman Marks

August 21, 2020

In order to really add value to your organization, internal audit has to move to the strategic level. Too often we spend our time in the details and weeds and then wonder why executives are not interested in what we have to say. If you are being ignored, you are probably not talking and acting at the strategic level. Unless we focus on what is relevant to executives and the board, we risk being viewed as as not adding value and even worse irrelevant.

Jason Mefford is joined by Norman Marks, a retired Chief Audit Executive, Chief Risk Officer and thought leader to discuss what internal audit needs to do to move up to the strategic level and get a seat at the big kids' table.

Vendor Risk Management with Rick Roybal

Vendor Risk Management with Rick Roybal

August 18, 2020

As organizations outsource more and more of their processes, the #risk associated with managing those vendor relationships goes up. Organizations may think they are removing the risk by #outsourcing, but they are only sharing or transferring a portion of the risk. Just ask the countless organizations that found themselves holding the bag on a multi-million dollar fine or penalty when their vendor wasn't compliant.

In this #jammingwithjason #internalauditpodcast I speak with Rick Roybal about the importance of having mentors in your career and risk around third-party, vendor risk management.

Listen in at: http://www.jasonmefford.com/jammingwithjason/
 
Registration for the Fall 2020 Oil & Gas Vendor Roundtable mentioned during the episode is now open. When you are ready, visit https://www.vendoraudit.org/fall2020ogvr to see the speaker lineup (and you will see Jason's smiling face).

Just a few details for you:
- If you work for an operator, there is no cost to you. 
- There are a limited number of seats available.
- Dates: October 28-29. 
- CPEs offered

Register for the Oil & Gas Vendor Roundtable at: https://www.vendoraudit.org/fall2020ogvr

Make sure to check also out The Tour Report podcast with Rick (especially if you are in the oil and gas sector) at: https://www.vendoraudit.org/tourreport

Flashback Friday: Adding More Value and Becoming a Trusted Advisor by Bucking Tradition with Dan Clark

Flashback Friday: Adding More Value and Becoming a Trusted Advisor by Bucking Tradition with Dan Clark

August 14, 2020

Internal audit has established some great traditions over the years. As Tevye, the character from Fiddler on the Roof said: "Traditions, traditions. Without our traditions our lives would be as shaky as... as a fiddler on the roof!" Later; however, Tevye realizes, "our old ways were once new, weren't they?" We have to be willing to change with the times and create new traditions that provide more value to our organizations than the old ones. 

Jason Mefford is joined by Dan Clark, for a discussion on establishing your own personal brand, tips for becoming a better auditor, and making internal audit a career. You'll also learn how to become a trusted advisor and provide insight and foresight.

Dan Clark is the GOAT of Internal Audit (you'll have to listen to learn what that means) and CAE of Washington Trust Bank. In a career that spans more than 30 years, Dan has accumulated a lot of wisdom that he shares in his book: Dare to Be Different - An Auditor's Personal Guide To Excellence. Currently, he is working on new book: The Tao of Internal Audit.

JWJ Encore: Playing the Game without Help = Disaster

JWJ Encore: Playing the Game without Help = Disaster

August 11, 2020

In this week's #jammingwithjason #internalauditpodcast I'm going to let you in on a little secret. Many of you are playing the game of your career without much help. The problem is, others in your organization are getting help, which means you are playing at a big disadvantage.

I'm not talking about a lack of resources or struggling to get budget and support. It's about getting yourself the training, coaching, and support you need to play varsity-level sport ... like your peers. It's about having the right balance (e.g. American football: offense, defense, passing, running) to get you performing at an elite status.

Take a listen and see some of the areas where getting a little extra help, will go along way in helping you play the game of your career and life as a champion.

If you are a CAE and really serious about elevating the status of internal audit in your organization, improving your executive presence, and getting best practices and thought leadership from like-minded CAEs, the CAE Forum is for you.

Submit your application to join the Chief Audit Executive (CAE) Forum. We are accepting new member applications. https://jasonmefford.mykajabi.com/caeforum

Jamming with Jason, the #1 #internalauditpodcast in the world has interviews and discussions (jam sessions) relevant to Chief Audit Executives and professionals in #internalaudit, #riskmanagement, and #compliance.

Flashback Friday: Independence: I Do Not Think That Word Means What You Think It Means

Flashback Friday: Independence: I Do Not Think That Word Means What You Think It Means

August 7, 2020

#Independence is a term may in #internalaudit like to push the boundaries on, but when we do we can come off as arrogant or self-righteous to others in the organization. In this week's #jammingwithjason #internalaudit podcast I discuss the difference between independence and objectivity, why objectivity is more important than independence, and you are not really as independent as you may think.

As with all episodes, you will also walk away with some practical tips you can start using today.

This week's episode is brought to you by the Chief Audit Executive (CAE) Forum. 

If you are a CAE that wants to join a community of like-minded CAEs where you can have frank discussions about the challenges and opportunities of being a Chief Audit Executive (CAE), while getting practical advice to increase your executive presence, influence and value as a trusted advisor to your organization, check out what they have to offer and book your no-obligation call to see if it's right for you: https://jasonmefford.mykajabi.com/caeforum

Did you also know the CAE Forum comes with a $100,000 guarantee, so its a no-risk investment in you and your team to elevate the status of internal audit in your organization.

Jamming with Jason is the #1 #internalauditpodcast in the world has interviews and discussions (jam sessions) relevant to Chief Audit Executives and professionals in #internalaudit, risk management, and compliance.

Collaborative Audit Report Writing with Tracie Marquardt

Collaborative Audit Report Writing with Tracie Marquardt

August 4, 2020

Internal audit reports have been written the same for decades, and honestly are usually very boring and don't meet our organization's needs. In this episode I talk with Tracie Marquart about action oriented recommendations, improving report writing to consider the end of the value chain, seeing the big picture, linking our work to assurance over key objectives, and how to make our reporting more collaborative.

 

Listen in at: http://www.jasonmefford.com/jammingwithjason/

Tracie Marquardt is Europes leading audit communication consultant, and I am so honored to have her on #jammingwithjason #internalauditpodcast.

 

Learn more about Tracie at https://www.traciemarquardt.com/ and https://qacommunication.com/ or email her at: tracie@qacommunication.com

#internalaudit

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