Data Driven Compliance, hosted by Tom Fox, is a podcast featuring an in-depth conversation with Ryan Hubbs, Global Anti-Corruption and Fraud Manager at SLB. Ryan explains how internal audits have evolved over the last 5-6 years and how SLB designed dashboards and analytics to cut out manual tasks. He also explains the pre-audit survey used to measure what will come up in the final audit report. Ryan discusses how SLB tracks duplicate payments, agents, and financial, legal, and environmental risks to create a near real-time reporting module. Ultimately, monitoring these risks aims to evaluate which processes and subprocesses are increasing or decreasing in risk. Tom and Ryan share thoughtful insights throughout the podcast and explore ways to enhance your compliance program.
Key Highlights
· Improving Fraud and Analytics With Internal Audit Reorganization. 05:35
· Benefits of Pre-Audit Surveys and Programs. 09:20
· Improving Fraud Detection through Data Dashboards. 12:42
· Employee Satisfaction Survey Results. 16:21
· Exploring Financial and Legal Risks in the Risk Universe. 19:35
· Using Real Risk Data for Near Real-Time Reporting. 23:12
· The Art of Conversation: Connecting with Ryan. 30:09
Notable Quotes
1. “What would you do to make the organization better?”
2. “Let’s automate this stuff. Let’s try to automate this and give others more time to understand the data, whether it be journal entries or fixed assets or inventory.”
3. “We started sending that out twice a year, asking employees where you see fraud and corruption risks. Where do you see concerns? And you start to pull that data in and into internal audit as well?”
4. “If you were the boss for the day, what would you do to improve the organization?”
Resources
Ryan Hubbs on LinkedIn
