Rachel Cooke is your guide to leadership and communication, helping you craft a workplace environment you can feel good about. She’ll share tips to help you balance your work and personal life, effectively invest your time, and be mindful about where you’re devoting your energy. Let Rachel help you navigate your path to success—however you define it.
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Auditing with data: for Performance Auditors and Internal Auditors that use (or want to use) data
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57. Michael Drechnowicz, Head of Internal Audit, TK Elevator
Manage episode 389259097 series 2801356
Content provided by Risk Insights, Yusuf Moolla, Conor McGarrity, Risk Insights, Yusuf Moolla, and Conor McGarrity. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Risk Insights, Yusuf Moolla, Conor McGarrity, Risk Insights, Yusuf Moolla, and Conor McGarrity or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Embracing Internal Audit Evolution: A Conversation with Michael Drechnowicz, Head of Internal Audit at TK Elevator
In 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 podcast
The 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).
59 episodes
57. Michael Drechnowicz, Head of Internal Audit, TK Elevator
Auditing with data: for Performance Auditors and Internal Auditors that use (or want to use) data
ShareManage episode 389259097 series 2801356
Content provided by Risk Insights, Yusuf Moolla, Conor McGarrity, Risk Insights, Yusuf Moolla, and Conor McGarrity. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Risk Insights, Yusuf Moolla, Conor McGarrity, Risk Insights, Yusuf Moolla, and Conor McGarrity or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Embracing Internal Audit Evolution: A Conversation with Michael Drechnowicz, Head of Internal Audit at TK Elevator
In 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 podcast
The 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).
59 episodes
All episodes
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Auditing with data: for Performance Auditors and Internal Auditors that use (or want to use) data
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 episodes a brief introduction to Algorithm Integrity Matters - the new Risk Insights podcast. About this podcast The 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).…
A
Auditing with data: for Performance Auditors and Internal Auditors that use (or want to use) data
1 57. Michael Drechnowicz, Head of Internal Audit, TK Elevator 35:06
35:06 
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Play Later Play Later Lists Like LikedEmbracing Internal Audit Evolution: A Conversation with Michael Drechnowicz , Head of Internal Audit at TK Elevator In 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 podcast The 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).…
A
Auditing with data: for Performance Auditors and Internal Auditors that use (or want to use) data
1 56. Cathy O'Neil, Algorithm Auditor, Author of WMathD 44:06
44:06 Play Later Play Later Lists Like Liked44:06
Play Later Play Later Lists Like LikedOur 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. Links Cathy's company, ORCAA Weapons of Math Destruction (book) About this podcast The 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).…
A
Auditing with data: for Performance Auditors and Internal Auditors that use (or want to use) data
1 55. Data Science and KNIME with Maarit Widmann 20:36
20:36 Play Later Play Later Lists Like Liked20:36
Play Later Play Later Lists Like LikedMaarit Widmann is a data scientist at KNIME (www.knime.com) In this episode, we discuss: What KNIME is Why the visual programming paradigm (workflows, rather than code) is appealing to both technical and non-technical professionals The most challenging aspects of the data science lifecycle, and what auditors should be aware of The most important aspects of the data science lifecycle About this podcast The 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).…
A
Auditing with data: for Performance Auditors and Internal Auditors that use (or want to use) data
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-auditor About this podcast The 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).…
A
Auditing with data: for Performance Auditors and Internal Auditors that use (or want to use) data
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 podcast The 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).…
A
Auditing with data: for Performance Auditors and Internal Auditors that use (or want to use) data
In this episode we discuss why and how audit quality is improved when we keep things simple. About this podcast The 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).
A
Auditing with data: for Performance Auditors and Internal Auditors that use (or want to use) data
1 51. Performance Audit Mini-Series #4: Conduct/Fieldwork 13:34
13:34 Play Later Play Later Lists Like Liked13:34
Play Later Play Later Lists Like LikedThis 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 podcast The 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).…
A
Auditing with data: for Performance Auditors and Internal Auditors that use (or want to use) data
1 50. Performance Audit Mini-Series #3 Planning with data 17:58
17:58 Play Later Play Later Lists Like Liked17:58
Play Later Play Later Lists Like LikedThis 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 podcast The 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).…
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Auditing with data: for Performance Auditors and Internal Auditors that use (or want to use) data
1 49. Performance Audit Mini-Series #2 Work Program Balance 15:55
15:55 Play Later Play Later Lists Like Liked15:55
Play Later Play Later Lists Like LikedThis 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: Effectiveness Efficiency Economy Compliance About this podcast The 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).…
A
Auditing with data: for Performance Auditors and Internal Auditors that use (or want to use) data
1 48. Performance Audit Mini-Series #1 Forward Work Planning 17:59
17:59 Play Later Play Later Lists Like Liked17:59
Play Later Play Later Lists Like LikedThis 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 expectations Understanding your elected body / parliamentarians Understanding the entities within your audit office's jurisdiction About this podcast The 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).…
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Auditing with data: for Performance Auditors and Internal Auditors that use (or want to use) data
1 47. Three practical ways to fast-track the data cleansing process 9:41
9:41 Play Later Play Later Lists Like Liked9:41
Play Later Play Later Lists Like LikedIn 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/columns Import iteratively - start with a subset of the data and build on that as needed About this podcast The 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).…
A
Auditing with data: for Performance Auditors and Internal Auditors that use (or want to use) data
1 46. Combining data to create risk indicators for audits and risk monitoring/exploration 14:52
14:52 Play Later Play Later Lists Like Liked14:52
Play Later Play Later Lists Like LikedIn 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. About this podcast The 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).…
A
Auditing with data: for Performance Auditors and Internal Auditors that use (or want to use) data
1 45. How ANAO uses data in performance audits - with Xiaoyan Lu and Christine Chalmers 19:34
19:34 Play Later Play Later Lists Like Liked19:34
Play Later Play Later Lists Like LikedChristine (performance audit) and Xiaoyan (data analytics) are Directors with ANAO, the Australian National Audit Office. In this episode we discuss: What The Australian National Audit Office (www.anao.gov.au) does The five ways ANAO uses data in its performance audits How performance audit teams work with the central data team Challenges with data preparation The benefits of a strong focus on data quality About this podcast The 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).…
A
Auditing with data: for Performance Auditors and Internal Auditors that use (or want to use) data
1 44. ESG and Sustainable Investing with Tiina Landau 28:36
28:36 Play Later Play Later Lists Like Liked28:36
Play Later Play Later Lists Like LikedTiina 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: 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 podcast The 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).…
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