Ep 210: Terrible Audit Recommendations w/ Jennie Wallace (Melody Advisory Services)

Ep 210: Terrible Audit Recommendations w/ Jennie Wallace (Melody Advisory Services)

This week's episode, we're joined by Jennie Wallace, CEO and Founder of Melody Advisory Services. Jennie brings a wealth of experience, having worked across the first, second, and third lines of defense in audit and risk management.


In this episode, Jennie shares how management views audit from her experience on both sides of being an audit and helping with risk management. She highlights the importance of understanding and empathizing with management to strengthen auditor-client relationships. Jennie also discusses avoiding "dumb findings" that cause unnecessary friction and the importance of using good judgment when escalating issues. We wrap up by revisiting the topic of audit independence.

Be sure to connect with Jennie on LinkedIn.

Also, be sure to follow us on our new social media accounts on LinkedIn, Instagram, and TikTok.

Also be sure to sign up for The Audit Podcast newsletter and to check the full video interview on The Audit Podcast YouTube channel.

Timecodes:

5:16 - Music and Melody Advisory

5:58 - Learning Excel with ChatGPT

9:11 - What does Risk Management Think of Audit

12:28 - Developing an Auditor's Judgment

26:55 - The Flow Chart Story

34:33 - What does Independence Look like in 2024

40:55 - Co-source vs. Outsource

43:34 - How not to be a Trusted Advisor

47:48 - Final Thoughts

*

This podcast is brought to you by Greenskies Analytics, the services firm that helps auditors leap-frog up the analytics maturity model. Their approach for launching audit analytics programs with a series of proven quick-win analytics will guarantee the results worthy of the analytics hype.

Whether your audit team needs a data strategy, methodology, governance, literacy, or anything else related to audit and analytics, schedule time with Greenskies Analytics.

Jaksot(339)

Ep 283: Topical Requirement: Organizational Behavior w/ Sandro Boeri (Chartered Institute of Internal Auditors)

Ep 283: Topical Requirement: Organizational Behavior w/ Sandro Boeri (Chartered Institute of Internal Auditors)

This week, Sandro Boeri, former President of the Chartered Institute of Internal Auditors and a globally recognized voice in the profession, joins the show.   He brings a perspective shaped by decad...

28 Huhti 42min

Ep 282: Why Culture, Not Tech, Drives Audit Innovation w/ Andrew Struthers-Kennedy and Arpit Shah (Audit Innovator Award)

Ep 282: Why Culture, Not Tech, Drives Audit Innovation w/ Andrew Struthers-Kennedy and Arpit Shah (Audit Innovator Award)

This week, internal audit leaders Andrew Struthers-Kennedy and Arpit Shah join the show.   They bring a perspective grounded in real-world innovation—leading a team that's been recognized with the...

21 Huhti 36min

Ep 281: Bridging the Gap Between Tax and Internal Audit w/ Michelle V. (ITT Inc.)

Ep 281: Bridging the Gap Between Tax and Internal Audit w/ Michelle V. (ITT Inc.)

This week, internal audit leader and tax expert Michelle V. joins the show.   Michelle brings a unique perspective, coming from a tax background into internal audit leadership—an area where tax expe...

14 Huhti 24min

Ep 280: Why Passive Voice Is Hurting Your Audit Reports w/ Sara I. James (Radical Reporting)

Ep 280: Why Passive Voice Is Hurting Your Audit Reports w/ Sara I. James (Radical Reporting)

This week, Sara I. James, author of Radical Reporting: Writing Better Audit, Risk, Compliance, and Information Security Reports (Second Edition), joins the show.   Sara shares what's new in the sec...

7 Huhti 46min

Ep 279: Using EOS to Build a Stronger Audit Function w/ Chris Hallberg (GoExpand

Ep 279: Using EOS to Build a Stronger Audit Function w/ Chris Hallberg (GoExpand

This week, our guest is Chris Hallberg, CEO and founder of Business Sergeant and president and founder of GoExpand, where he helps organizations implement EOS, the Entrepreneurial Operating System.   ...

31 Maalis 36min

Ep 278: Trust, Insight, and Audit Leadership w/ Navin Pasricha (Getting Ready to Roar)

Ep 278: Trust, Insight, and Audit Leadership w/ Navin Pasricha (Getting Ready to Roar)

This week, our guest is Navin Pasricha, a longtime internal audit leader and author of Getting Ready to Roar: Chief Auditor's Guide from Audit Room to Board Room.   Navin joins the show to discuss th...

24 Maalis 41min

Ep 277: Key Risks, New Research, and the Future of the Profession w/ Anthony Pugliese (President of the IIA)

Ep 277: Key Risks, New Research, and the Future of the Profession w/ Anthony Pugliese (President of the IIA)

This week, our guest is Anthony Pugliese, President and CEO of the Institute of Internal Auditors.   Anthony joins the show as he approaches his five-year anniversary leading the IIA, reflecting on th...

10 Maalis 41min

IA on AI – Can we use AI for ICFR and SOX

IA on AI – Can we use AI for ICFR and SOX

Links: Norman Marks Article   Be sure to follow us on our social media accounts on: LinkedIn: https://www.linkedin.com/company/the-audit-podcast Instagram: https://www.instagram.com/theauditpodcast ...

5 Maalis 7min

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