Tag: chief audit executive

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 for “somewhat” to “extensively” increasing managment involvement in risk oversight, why aren’t more organizations on board with implementing ERM (only 34% have “mature” or “robust” oversight)? We’ll unpack the results of the study, discuss some of the reasons and implications this has on organizations, internal audit, and how to use ERM as a strategic advantage.
Jason Mefford is joined by Joseph McCafferty, Editor & Publisher of Internal Audit 360 who recently reported on this study in an article. https://internalaudit360.com/
You can access Joe’s article “Report: Companies Lad on Improving Risk Management” at https://internalaudit360.com/report-companies-lag-on-improving-risk-management-programs/

Jason Mefford is a Rock Star – Internal Audit, Risk Management and Compliance. He helps Chief Audit Executives (CAE) and professionals with technical & soft-skills training and coaching to navigate the mine fields of audit, risk and compliance in organizations. http://www.jasonmefford.com/ and http://www.meffordassociates.com
Apple Podcast: https://itunes.apple.com/us/podcast/jamming-with-jason-mefford/id1456660699
PodBean: https://jammingwithjason.podbean.com/

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 opportunities too.
From these interviews, and my own experiences as a CAE at two organizations, I have identified some clear trends, challenges, and opportunities that most CAEs are working to address.

Jason Mefford is a Rock Star – Internal Audit, Risk Management and Compliance. He helps Chief Audit Executives (CAE) and professionals with technical & soft-skills training and coaching to navigate the mine fields of audit, risk and compliance in organizations. http://www.jasonmefford.com/ and http://www.meffordassociates.com
Apple Podcast: https://itunes.apple.com/us/podcast/jamming-with-jason-mefford/id1456660699
PodBean: https://jammingwithjason.podbean.com/
#internalaudit #cae #chiefauditexecutive

As auditors we need to see the world with different eyes in order to really help executives solves problems. If we only focus on areas within the organization where we believe there is risk, we risk focusing on areas that don’t really matter to management. One of the biggest reasons management does not think audit is adding significant value (and the number is pathetically low based on several surveys) is we are not helping them solve the real problems they experience. We often focusing on the narrow lens of internal audit and provide lower value recommendations, instead of thinking strategically as an executive of the organization.
If we want to be seen as a trusted advisor, we need to provide value and insight on areas where the executives are focused. We need to gain different perspectives to have more empathy and understanding of our audit clients. We need to be part of the solution, not another problem executives need to deal with.
Emilio Rubio has served several times as a Chief Audit Executive and in various executive management roles for companies all over the world. He provides a unique perspective as an auditor and executive manager who has seen both sides.

To listen and for complete show notes and links to downloads, visit: http://www.jasonmefford.com/jammingwithjason/

or subscribe and listen wherever you enjoy listening to podcasts: Apple Podcasts, Spotify, Stitcher, PodBean, Google Play Music, or YouTube.
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.
To listen to this and other Jamming with Jason episodes for CPE credit, visit: https://ondemand.criskacademy.com/courses/

If you are ignored by other executives and frustrated getting resources you need, chances are you’re playing at the junior varsity (JV) instead of varsity level. In this episode we’ll explore some questions to ask so you can assess which one you are really playing, and provide some guidance on how you can level-up your playing so you make the varsity team in your organization.
If you’d like to join the webinar Jason mentioned on influence in this episode, you can register at: https://www.bigmarker.com/crisk-academy/Powerful-Everyday-Opportunities-to-Persuade-that-are-Lasting-and-Ethical-Influence-PEOPLE

Get added to the waitlist for when the CAE Forum opens up to new members visit: https://jasonmefford.mykajabi.com/cae-forum-waitlist-page
To listen and for complete show notes and links to downloads, visit: http://www.jasonmefford.com/jammingwithjason/
or subscribe and listen wherever you enjoy listening to podcasts: Apple Podcasts, Spotify, Stitcher, PodBean, Google Play Music, or YouTube.
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.

The Beatles were right when they said “I get by with a little help from my friends.” In fact the only way we get by is with help from our friends. Sometime though we get the idea we need push forward and do everything ourself. I get it. We are taught to be independent and do things ourself. This was engrained in me my whole life.
The truth is, we all need the help of others and need to be there to help others. In fact, if you don’t think you need help … you probably needs the most help. Also, the further we get in our career, the more we need help, but the less we reach out.
Trying to do the job alone often leads to emotional, psychological, and even physical pain. Yes, you’ll hear how I broke my hand trying to do it by myself, and also a story of a bricklayer trying to do the job alone that I heard almost 30 years ago that has stuck with me ever since.
I even need your help, and when you listen, you’ll find out how.

To listen and for complete show notes and links to downloads, visit: http://www.jasonmefford.com/jammingwithjason/
or subscribe and listen wherever you enjoy listening to podcasts: Apple Podcasts, Spotify, Stitcher, PodBean, Google Play Music, or YouTube: https://studio.youtube.com/channel/jasonmefford
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.
If you’d like to get added to the CAE Forum Waitlist mentioned in this article, visit: https://jasonmefford.mykajabi.com/cae-forum-waitlist-page

The IIA recently published an Exposure Document on the Three Lines of Defense Model. Listen to my comments and suggestions for improving the Three Lines of Defense Model and how we can improve our coordination and collaboration with other assurance groups in organizations.
To listen and for complete show notes and links to downloads, visit: http://www.jasonmefford.com/jammingwithjason/
I’m curious to hear your suggestions. Make sure to download the document (see link below) and comment below on social media to let me know what you think.
Three Lines of Defense Review & Survey Open 20 June–19 September 2019
https://global.theiia.org/about/about-internal-auditing/Pages/Three-Lines-of-Defense-Review-Exposure-Document-and-Survey.aspx
The comment period is open until 19 September 2019.

Check out more episodes and full episode videos at Jasonmefford.com, and don’t forget to subscribe on your favorite podcast platform!

We are not talking about the buzz word “quality audits” or how to audit Total Quality Management (TQM) processes, but instead how to incorporate TQM principles into the internal audit activity to add real value to our customers. Just as the TQM principles have changed the manufacturing processes, as proven methods to increase quality of goods and profit in organizations, a TQA mindset will increase the quality of audits and ensure you are meeting customer needs, continuously improving, and positively affecting management and culture. Learn the six things you need to do to start incorporating TQA in your audit activity.
Jason Mefford is joined by Amanda “Jo” Erven, the President and Founder of Audit Consulting Education, LLC a firm specializing in progressive Internal Auditing and managment consulting. You can get a copy of her book: “Total Quality Auditing: How a Total Quality Mindset Can Help Internal Audit Add Real Value” on Amazon or her website: auditconsultingeducation.com. If you’d like to attend Jo’s monthly webcasts on Total Quality Auditing, you can learn more at totalqualityauditing.com
For complete show notes and links to downloads, visit: http://www.jasonmefford.com/jammingwithjason/
Interviews and discussions (jam sessions) relevant to Chief Audit Executives and professionals in internal audit, risk management, and compliance.

Jason Mefford is a Rock Star – Internal Audit, Risk Management and Compliance. He helps Chief Audit Executives (CAE) and professionals with technical & soft-skills training and coaching to navigate the mine fields of audit, risk and compliance in organizations. http://www.jasonmefford.com  and http://www.meffordassociates.com

This week’s episode is a little different. We talk about baseball, the IIA’s International Conference in Anaheim and having community in your life. We aren’t talking about networking: shaking hands, passing business cards, and then leaving. We are talking about making real human connections that develop into friendships and a sense of community that is there to support each other. If you don’t have a sense of community in your personal and professional life, it’s time to get it now.
Since my breakout session at the IIA’s International conference was sold out (standing room only so they turned away people due to fire code issues) I am doing an encore presentation via webinar with cRisk Academy on 30 July. Here’s the link so you can register to learn about “How to Become a More Mindful and Emotionally Intelligent Leader” https://www.bigmarker.com/crisk-academy/How-to-Become-a-More-Mindful-and-Emotionally-Intelligent-Leader
If you’d like to experience the tribute to Tyler Skaggs that I saw at the Los Angeles Angel’s game, check out: https://www.youtube.com/watch?v=whKZHGXepzY

Check out more episodes and full episode videos at Jasonmefford.com, and don’t forget to subscribe on your favorite podcast platform!

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.

#internalauditpodcast #jammingwithjason #chiefauditexecutive #internalaudit

Independence and objectivity are two words I hear auditors use incorrectly all the time. Even though the standards describe internal audit as being independent and objective, the truth is very few internal audit functions are truly independent, but we have to remain objective. While we may not be able to control our independence (don’t worry I explain in the episode) we have complete control over being objective.
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” Warren Buffet. While lacking objectivity won’t really get you “killed” it can definitely get you fired.
If you will be at the IIA’s International Conference in Anaheim, make sure to stop by the Unified Compliance booth in the exhibit area to say ‘hi,’ join me at the breakout session where I will be speaking on Tuesday, 12:45-1:45 on “How to Become a More Mindful and Emotionally Intelligent Leader” or look for the guy in the hat 🙂

#internalaudit #internalauditpodcast #chiefauditexecutive #independence #objectivity
Check out more episodes and full episode videos at Jasonmefford.com, and don’t forget to subscribe on your favorite podcast platform!