Ep 206: Lessons Learning in Building an IA Team w/ Kim Ford

Secure your spot at the 2024 Audit Analytics and AI Conference today!   This week’s episode,  we're joined by Kim Ford, Vice President of Internal Audit at Ingersoll Rand. In this episode, Kim shares her approach to building a strong internal audit function, including a program that trains auditors before moving them into the finance department, enhancing both controls and financial insight. She also discusses the evolving expectations of the audit committee, offering insights from a recent meeting, and explores how data and automation can boost audit efficiency, providing practical takeaways for listeners.   Be sure to connect with Kim 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: 6:56 - Building Internal Audit Functions 9:31 - People, Processes and Technology 10:35 - Kim's Training Method 15:04 - What the Audit Committee wants from a CAE 17:23 - Best Ways to Measure Success 23:19 - RPA Use Cases 25:12 - The Personal Side of DA 28:12- The BTS of the Audit Committee Quarterly Updates 32:18- Taking Analytics to the Next Level 33:29 - 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. *   AuditBoard’s integrated suite of easy-to-use audit, risk, and compliance solutions streamlines internal audit, SOX compliance, risk management, and security compliance. Automate processes and improve execution with AuditBoard’s purpose-built solution, which is designed to address the most pressing challenges of today's practitioners. Experience the latest in Audit, Risk, and Compliance technology. Visit AuditBoard.com to schedule your product walkthrough to see AuditBoard’s award-winning platform in action today.   *   Want to start audit analytics but have limited time and technical skills? Need to get quick wins and demonstrate value fast? Supervizor is an audit analytics platform providing 350+ ready-to-use checks directly applicable to any financial system and industry, enabling internal audit teams to continuously monitor for risk and get the value of an audit analytics program in less than a week. Book a demo or visit Supervizor website.