Ep 191: Modern Day Audit Leadership w/ Dave Malcom

Ep 191: Modern Day Audit Leadership w/ Dave Malcom

This week, our guest is Malcom, Former Senior Vice President and Managing Director for Internal Audit Digital Transformation and Data Analytics at Northern Trust. Dave recounts his mid-40s retirement journey and his subsequent decision to return with the desire to help internal auditors in his organization.

In this episode, he reveals his approach to establishing an internal audit department, discusses the expected duties of the audit committee, and underscores the credibility boost through the strategic use of data analytics to identify outliers.

Be sure to connect with Dave 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:

5:28 - Coming Out of Retirement

9:10 - The Impact of Generative AI

10:28 - The Importance of Investing in Data Analytics

13:58 - Data Literacy

16:21 - How to Make your Audit Department Better

19:23 - What to Expect from the Audit Committee

27:27 - How to Achieve Quantitative Risk Assessments

31:00 - 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.

Episoder(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 Apr 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...

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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 Apr 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 Apr 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

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31 Mar 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 Mar 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 Mar 41min

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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 ...

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