Ep 227: Risk Management and The Three Lines of Defense w/ Grant Thornton's Risk and Advisory Team
The Audit Podcast11 Helmi 2025

Ep 227: Risk Management and The Three Lines of Defense w/ Grant Thornton's Risk and Advisory Team

This week's episode, we're joined by the Grant Thornton risk and advisory team—Andres Castañeda, Jaynitsa Paul, and EJ Jimenez.

In this episode, they explain their article Risk Management: Get Your Three Lines in Order in simple terms. They clear up common misunderstandings about the first, second, and third lines of defense in risk management. They also give real examples of when the system works well and when it fails—and why that matters.

Check out their article, and connect with Andres, Jaynitsa, and EJ 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:

5:19 - How Grant Thornton Utilizes LLMs

8:43 - Understanding The Three Lines of Defense

16:49 -Best Practices for Physical Inventory Control

28:37 - Roles and Responsibilities in the Three Lines of Defense

32:13 - The Relationship Between Compliance and Internal Audit

34:53 - Common Misconceptions About The Three Lines of Defense

37:36 - External Audit's Role in The Three Lines of Defense

38:31 - Advantages of a Strong Third Line of Defense

42:05 - Tools for the Third Line of Defense

44:03 - 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(338)

Ep 8: Just how good is the food at a QuikTrip w/Jami Shine

Ep 8: Just how good is the food at a QuikTrip w/Jami Shine

Emcee of the 2020 IIA and ISACA GRC Conference as well as Corporate and IT Audit Manager Jami Shine from QuikTrip is here and might have the single most takeaways of any guest so far! There's a lot...

14 Heinä 202040min

Ep 7: The show about fraud w/Kelly Paxton

Ep 7: The show about fraud w/Kelly Paxton

Pink Collar Crime Expert Kelly Paxton is here to talk fraud and of course, pink collar crime! On the show Kelly mentions The Checklist Manefesto, her guest appearance on The Human Risk Podcast, an...

30 Kesä 202024min

Ep 6: Experience the audit w/Rob Berry

Ep 6: Experience the audit w/Rob Berry

Rob Berry of That Audit Guy talks social media audits and how we should experience the products or services our companies offer. For more from Rob check out his website where he talks social media ris...

16 Kesä 202024min

Ep 5: Relying on the tool won't work w/Toby DeRoche

Ep 5: Relying on the tool won't work w/Toby DeRoche

Solutions Consultant Toby DeRoche of Wolters Kluwer steps in to talk agile auditing and where the audit profession is headed. Check out Toby's paper Evolving Cyber Risk in a Covid 19 World and see hi...

2 Kesä 202032min

Ep 4: Standard audit programs should no longer exist w/A. Michael Smith

Ep 4: Standard audit programs should no longer exist w/A. Michael Smith

Chief Audit Executive A. Michael Smith of Nasdaq shares his guidance after nearly 30 years in the industry with many of them spent consulting IA departments to become world-class functions. Check out ...

19 Touko 202029min

Ep 3: Changing the perception of audit w/Tom Harris

Ep 3: Changing the perception of audit w/Tom Harris

We should have just turned the microphones on and told Tom, "Go." Tom offers a lot of guidance and his perspectives that will have you thinking about your own approach and what the expectation of your...

5 Touko 202039min

Ep 2 Part 2: Building an analytics solution

Ep 2 Part 2: Building an analytics solution

If you're in higher ed then this is a great listen. In part two with Mark Hafitz of Emory University we're talking about how to build a continuous controls monitoring solution, Mark's tools of choice,...

21 Huhti 202029min

Ep 2 Part 1: Analytics examples and quick wins

Ep 2 Part 1: Analytics examples and quick wins

The number one thing I get asked about is analytics use cases and quick wins so we brought on Mark Hafitz of Emory University to talk through some analytics projects he's worked on over his career. Ma...

6 Huhti 202016min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
rss-rahapodi
psykopodiaa-podcast
herrasmieshakkerit
rss-rahamania
ostan-asuntoja-podcast
hyva-paha-johtaminen
rss-sami-miettinen-neuvottelija
rahapuhetta
rss-lahtijat
rss-doulapodi
rss-paasipodi
juristipodi
rss-sisalto-kuntoon
rss-muutoksenanatomiaa-podcast
rss-startup-ministerio
rss-uppoava-vn-laiva
rss-bisnesta-bebeja
rss-seuraava-potilas