Ep 191: Modern Day Audit Leadership w/ Dave Malcom

The Audit Podcast

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.

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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

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