Ep 225: How to Carry Out a Clear and Effective Risk Assessment w/ David Dufek (Principal Financial Group)

This week's episode, we're joined by David Dufek, Chief Internal Auditor at Principal Financial Group.   In this episode, David explains how to carry out a clear and effective risk assessment, making it easier to identify and prioritize potential risks. He also talks about the importance of aligning your audit work with the organization's main goals, so your efforts deliver real value. Finally, David outlines simple steps to create a focused and practical audit plan that fits your team's needs and resources.   Be sure to connect with David 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: 3:00 - Exploring Notebook LM 8:40 - Emojis in Professional Emails 11:21 - Crafting a Comprehensive Risk Assessment 14:00 - Defining Strategic Objectives That Work 18:36 - Mastering the Scope of Your Audit Plan 24:08 - Demonstrating Value with FTE Metrics 30:40 - David's Internal Audit Wish List 33:35 - 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.