Speaking of Risk and Audit

Richard Chambers interviews Richard Penfill of PayPal about using data science and AI in internal audit, exploring how prompt libraries, AI agents, and a new concept called "swarm auditing" streamline analytics and testing.

The episode covers practical challenges (the "bridge tax"), governance and risk concerns, use cases for agent orchestration, and how AI will shift auditors toward judgment, ethics, and strategic oversight.

Richard Chambers interviews Margie Bastolla, an audit report–writing expert, trainer, and author, on effective audit reporting. They examine common reporting errors, including unclear effect statements and weak root-cause analysis, and discuss practical techniques to write reports that resonate with high-level readers.

Margie also discusses the role of AI as a research assistant, the importance of critical thinking, and trends toward shorter, more visual reporting that still prioritize a clear message.

In this episode Richard Chambers interviews Mike Peppers, Chief Audit Executive at the University of Texas System, about his decades-long career in internal audit—especially in higher education and public service—and his role leading the overhaul of the Global Internal Audit Standards.

They discuss the public-sector audit environment, the standards' new guidance for public-sector and small audit functions, the importance of governance, and practical steps for auditors to embrace emerging technologies like AI and ensure maximum impact by 2030.

Richard Chambers hosts Michael Rasmussen and Renee Murphy to discuss how AI is reshaping cyber risk, regulation, and the role of GRC and internal audit. They explore AI governance, regulatory change management, digital twins for compliance, and the need for data maturity.

The episode emphasizes auditors’ opportunity to move from being the compliance police to being resilience enablers, using AI to scale coverage, reduce grunt work, and orchestrate risk across business silos to minimize surprises.

Richard Chambers interviews Sandro Boeri about the AuditBoard 2025 Culture and Ethics Report, exploring why culture matters, the research behind the findings, and the evolving role of internal audit in assessing behavioral risk.

The episode covers key takeaways including the need for cross‑functional collaboration, better metrics and incentives as early warning indicators, the IIA Global topical requirement on organizational behavior, and practical recommendations for internal audit, risk and compliance teams.